Greg Glassman counts many a Silicon Valley billionaire as a CrossFit addict, cult member, evangelist, and even a friend.
But he draws a sharper line than most people in our community between investor and entrepreneur. Of VCs he said: “We’ve had scant interaction with them at near devastating levels, and I would have nothing to do with that community at every possible cost.”
The root of his disdain goes back to the time of his divorce when his ex-wife sought to sell half of CrossFit to a firm called Anthos Capital. (A well-covered story at the time.) Regardless of your feelings about VCs, the idea of going from 100 percent ownership to losing half your company overnight through no choice of your own is enough to give any entrepreneur nightmares.
Glassman recounted it in our recent PandoMonthly sit-down…