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"Being a partner at a VC means you get a lot of executive positions to hand out to your B-school friends who turned out to be underachievers" You clearly have
by dkfmn 12y ago
"Being a partner at a VC means you get a lot of executive positions to hand out to your B-school friends who turned out to be underachievers"
You clearly have a bone to pick with the industry and that's fine. But no VC hands out executive roles to anyone they don't believe to be top talent; they'd destroy their own career, reputation, and compromise the returns of their fund.
Now, they could very well be wrong about somebody and give a job to a C- player but that'd be an honest mistake.
- michaelochurch 12y agoBut no VC hands out executive roles to anyone they don't believe to be top talent; they'd destroy their own career, reputation, and compromise the returns of their fund. Well, then they're just really awful at judging talent, because founder quality is at an inexcusable low. I doubt they'd destroy their careers by placing incompetent people in these startups. Why? Most of them fail anyway, and that's part of the design. Also, most non-founder executive roles are sinecures.
- fearless 12y agoHow do you measure founder quality? Most startups have some amount of traction when they raise VC funding. Either hundreds of thousands of users or $1M or more in revenue, especially with the bar for Series A getting consistently higher. That would speak to the quality of founders increasesing over time, not decreasing.