A founder asks a VC when she should leave Wink, her successful company, to focus on The Right Fit, a new venture. She worries about key-person dependency and wants to know what MRR target or timeline would make it safe to go.
Chapters
We raised 2, 3 rounds for The Right Fit, and it all started because I actually went to see— I was recommended to go and see a venture capitalist purely because I was trying to make a decision about whether or not I should step out of Wink full-time. Because obviously this was— The Right Fit was a completely unproven idea. I had a very successful business, and I had the idea that there was a lot of key man dependency in Wink, and that if I left the business— I had a great team, don't get me wrong, and a really good general manager, but I was like if I leave, like, it's probably gonna fall over. And so I'd gone to see this, um, person and said, like, look, at what point do you actually recommend to— if someone was going to quit their full-time job, what metrics are you looking for? Or what advice do you give of, like, hey, no, like, try and do both concurrently for a year, or do it until you get to this MRR, or whatever? What advice do you give to people? Because I'm really scared if I step out of this thing, it's going to fall over.