创始人理解股权稀释 摩根士丹利专栏

00:00:02 Another way to think about dilution is not so much what you give up, but it's what you getfor the investment that gets made. I'm Andy kearns, chairman of the technology investmentbanking group at Morgan Stanley. In our survey of more than 150 founders, one in threeregret the delustion that they took upon funding the company initially in those early days,oftentimes bootstrapping or friends and family might be the most efficient and effective wayto finance the business. As the business begins to grow, as you scale, there may be timeswhen somebody in a professional investor role could come in and add more than just thecapital, but they bring a network, they bring their experience, they've seen around thecorners, they've made the mistakes, and they can help those founders make decisions thatwill help them grow their business in a more effective and efficient way.