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The thing that nobody understands until you've lived through it is just how long it takes for some companies to get profitable and self sustaining. And just how
by earle 16y ago
The thing that nobody understands until you've lived through it is just how long it takes for some companies to get profitable and self sustaining. And just how long it takes for some companies to get liquid and leave the portfolio."
The thing that less people understand is when to cut bait. I think avc is making excuses here.
- fredwilson 16y agoif i had cut bait on comscore in 2001, i'd have left tens of millions on the table if i had cut bait on multex in 1995, i'd have left tens of millions on the table if i had cut bait on TACODA in 2004, i'd have left tens of millions on the table venture capital sounds easy. it is not
- earle 16y agoAll those examples had justifiable reasoning beyond "stay and pray"..... right?