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1. Do you ask startups how exactly they are going to spend money? Or are you fine investing even if team doesn't know where each penny is going to be? 2. Since
by paraschopra 16y ago
1. Do you ask startups how exactly they are going to spend money? Or are you fine investing even if team doesn't know where each penny is going to be?
2. Since you must be involved with a lot of startups, how much time, attention and guidance you are able to give to an individual startup?
- joshu 16y agoUse of capital is a typical open question. But no, I do not ask for a budget. They should spend most of it on people and the rest on other constraining resources. A lot of them no longer need my help. Many don't use the time I do have available. I have plenty of time for my day job and even playing video games.