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He's talking about being a VC and/or working for a VC, not working for a startup that has gotten VC funding.
by Cyphase 10y ago
He's talking about being a VC and/or working for a VC, not working for a startup that has gotten VC funding.
- gaius 10y agoHow is that not "VC culture" tho'?
- samstokes 10y agoa) You don't have to take VC funding to be a startup. b) If you do take VC funding, you don't have to adopt VC culture too. (VCs don't even get a board seat until the series A.) Some startups do adopt VC culture anyway, but it's not a forgone conclusion.
- nostrademons 10y agoGood startup founders manage their VCs so that their VC is just another resource they call upon when necessary. (Ironically, VCs seem to like this situation a lot better than when they have to manage their founders.) Weak startup founders do whatever their VCs tell them to. The former leads to startups with the culture of the individual startup, which is usually closely patterned after the founding team's core values. The latter leads to startups with VC culture.