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David A. Rosen's avatar

Steve,

You raise some really good points. In my personal and investment perspective in startups, I always caution founders to consider the nature of their investors (angels, VC, and PE firms). Each has their own "closed end" view of their investments. 8-10 year funds, and perhaps you got invested in year 4 or 5 which leaves just a few years before they expect their payday. This is often COUNTER-Strategic to the companies. Or, if other companies in the investors portfolio aren't doing well, there is even more pressure on the company to yield that XX return. I wonder if the analogy of a VC could be drawn to Pre-schools. They only see you through early years but never stick around when you are in your formative ones?

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