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> Conversely, companies that fail remove themselves as a time commitment for a partner If you look at the portfolio of a VC fund you'll see why. If they're in
by paulsutter 10y ago
> Conversely, companies that fail remove themselves as a time commitment for a partner
If you look at the portfolio of a VC fund you'll see why. If they're in 45 companies, essentially all the return will come from 3-5 companies. The other 40 board seats are a hassle. Whether they return 0x or 2x, they're just not material to the success of the fund.