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I realize this is pretty naive of me, but I'll ask in the hopes of learning something: Why does a VC care about sustainability or the company getting disrupted

• dkokelley 12y ago
  In order to get a return, someone with lots of money (or many people with some money) must believe that there is a future in the company. Yes, technically a VC cares most about the point between initial investment and liquidity event, but in a rational market (HA!) the liquidity event is most valuable when the company has a solid foundation and growth path.
• sosborn 12y ago
  >Wouldn't they just want to grow fast and big enough to get a return and move on? Why wouldn't the gambler leave the table after making a modest gain?
• pbreit 12y ago
  a) that's stupidly cynical, b) that would add a timing component & c) why would people be lining up to bail out the VC?
• fredwilson 12y ago
  because the greater fool theory doesn't really work. and often you turn out to be the greater fool. better to focus on building something of lasting value. then when you exit doesn't matter very much