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"- don't talk/tweet/blog about your vineyard, yachting, golfing etc while you tell your CEOs to work non-stop and be frugal etc. " I don't really get this one.
by zackattack 16y ago
"- don't talk/tweet/blog about your vineyard, yachting, golfing etc while you tell your CEOs to work non-stop and be frugal etc. "
I don't really get this one. It seems like great advice for the CEO of a company, but not for a venture capitalist?
- zaidf 16y agoAgree. When I see my VC friends tweeting about those things, it serves as another reminder of what awaits you when you win :)
- ivankirigin 16y agoMost VCs are richer than most CEOs, especially when you consider most CEOs are in their first startup and haven't made it yet.
- zackattack 16y agoexactly... that's my first point: give them something to reach for, the end game. my second point is that the VC is not really leadership so the example the VC sets is irrelevant.
- enjo 16y agoWhile I don't agree with the original point either, VC's most definitely hold a leadership position within a company. After all they always a board member and two or three VC's typically represent the majority shareholder block. I've seen it go both ways. I've seen VC's lead companies to huge exits, as well as lead companies straight into the ground.
- zackattack 16y agoi did not consider the fact that they hold a board position and represent the majority shareholder block and because of that they have an influence on the company culture. i was wrong and retract my statement accordingly.