Despicable in what way? If someone is putting millions on the line to help realize your dream (for profit of course) you should respect the fact that they're investing to keep the company afloat, not to make your life (as a founder) easier.
People seem to equate not letting the founders cash out early with not letting them see a dime, which is not the case. They're getting paid (sort of) and in situations in which the company is no longer surviving on ramen they might even be well off in the grand scheme of things.
Think about it this way. Why should you, the founder, be given say 20k to pay for a wedding, while a early employee has to pay for it out of his own pocket. This is not a case of investors not being 'fair' and their decisions being despicable, it's a case of investors making a judgement call on good faith for the benefit of the company (for profit...).
Investors are not going to pay for your wedding as a founder because they're kind hearted or because it's the 'non-despicable' thing to do. They're going to invest in your personal life because it's a benefit for the business - plain and simple. No investor should feel they need to invest on you because it's morally correct (which is probably erroneous anyways), but if said investor feels there's a benefit to paying for your wedding/debt/porsche they will do it as a extra bit of investment on the company as a whole and not because it's a nice thing to do for your money making machine.
My solution: Get married when you do have money to pay for it. Most people save for months if not years to do so, regardless of if you're living on pizza boxes or fancy restaurants.
People seem to equate not letting the founders cash out early with not letting them see a dime, which is not the case. They're getting paid (sort of) and in situations in which the company is no longer surviving on ramen they might even be well off in the grand scheme of things.
Think about it this way. Why should you, the founder, be given say 20k to pay for a wedding, while a early employee has to pay for it out of his own pocket. This is not a case of investors not being 'fair' and their decisions being despicable, it's a case of investors making a judgement call on good faith for the benefit of the company (for profit...).
Investors are not going to pay for your wedding as a founder because they're kind hearted or because it's the 'non-despicable' thing to do. They're going to invest in your personal life because it's a benefit for the business - plain and simple. No investor should feel they need to invest on you because it's morally correct (which is probably erroneous anyways), but if said investor feels there's a benefit to paying for your wedding/debt/porsche they will do it as a extra bit of investment on the company as a whole and not because it's a nice thing to do for your money making machine.
My solution: Get married when you do have money to pay for it. Most people save for months if not years to do so, regardless of if you're living on pizza boxes or fancy restaurants.