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Do you sense this is a philosophy that is taking hold with most VCs currently?
by AdamFernandez 14y ago
Do you sense this is a philosophy that is taking hold with most VCs currently?
- pg 14y agoLike most trends among VCs it has started at the top. The top west coast firms are the most willing to concede power to founders. Lower-tier firms, and firms in other places, are less willing to, largely because in this as in other respects they're always a few years behind. I say largely because lower-tier firms have a different and less trusting relationship with companies they fund. They assume that if a company had to resort to raising money from them, it won't be one of the big successes. They are the hotel where the TV is bolted down so the guests don't steal it.
- AdamFernandez 14y agoThanks. I like the analogy.