Other VCs as well as the people covering the industry misinterpreted the virtue and referred to it as “founder friendly,” a massive corruption of the concept that has delivered us a competitive advantage for years. Being “founder friendly” implies that you take the founder’s side even when he is mistaken. This kind of “virtue” helps nobody. In fact, it creates a culture of lies. Any time you decide one group is inherently good or bad regardless of their behavior, you program dishonesty into your organization.
