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>>"That's a fine perspective, but it seems like it comes down to semantics. You need both capital and operators working in concert to make things come to realit
by tiffanyh 6y ago
>>"That's a fine perspective, but it seems like it comes down to semantics. You need both capital and operators working in concert to make things come to reality and fruition."
Just curious, do you consider bankers part of that equation. Because for either bootstrapped business or years ago prior to VC existed, bankers are the only channel of capital.
- elefanten 6y agoIn short, yes. You need capital willing to fund a given idea for it to happen. That doesn't have to come from a bank or a VC, but it can. So the capital allocators who allocate to successful projects are a necessary component of the equation. They may not "deserve" "most" of the credit, but you still need them around. So to loop back to your point -- if people like Sam have convictions about what to fund / how to choose, they can be a useful (even integral) part of BUILDING things. Just because he's not an operator in the equation, doesn't mean that his exhortation is hypocritical. IMO edit typos