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This is always the case. Even Sequoia has made blunders before - turning down Salesforce and investing in Webvan, to name a few.
by free2rhyme214 10y ago
This is always the case. Even Sequoia has made blunders before - turning down Salesforce and investing in Webvan, to name a few.
- mathattack 10y agoThere are two types of mistakes for VCs: 1 - Investing in the wrong company 2 - Missing the right company The first bucket has limited financial downside. (You only lose what you invested) The real cost is time and attention. (An investor can only sit on a fixed amount of boards) The second can be a lot more painful, because the upside can be 10-100x. Missing out on Salesforce (or Yelp, or pick your winner) can be even tougher.