3 ms·
Seems like he meant "It's bad for me (the VC) to be profitable when you're growing"
by avisser 4y ago
Seems like he meant "It's bad for me (the VC) to be profitable when you're growing"
- gnicholas 4y agoBingo. The VC wants the grand slam that returns the entire fund. He'd rather have an x% chance of a grand slam than a 3x% chance of a double/triple. Founders have a very different calculus because their risk isn't spread across a portfolio of companies.