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Say what you want about Vinod Khosla, but that doesn't make him wrong. Disproving what he said would make him wrong. I'm not a fan of the man personally, but I
by copsarebastards 11y ago
Say what you want about Vinod Khosla, but that doesn't make him wrong. Disproving what he said would make him wrong.
I'm not a fan of the man personally, but I think he's right--and it's not surprising. When you bring in a VC, you get a team which is personally, emotionally, and temporally invested in the project, and you bring in an outside person for whom this is only a small part of his larger financial investments and give him a significant amount of control. Of course taking away control of a project from the people who are most invested in its success is going to decrease its chances of success. I'm not sure why this would be a topic of debate.
- mirashii 11y agoBecause it doesn't matter how personally, emotionally vested you are in a company if you don't understand how to run one, how to monetize, to find new customers, hire good managers and leaders, or a whole slew of other things which your team at a startup hasn't done before but a good investor knows how to advise on, or has connections with advisors who do. Success of a company is determined by a lot more than how invested your team is in the project.
- copsarebastards 11y agoWhat you're saying is correct, I'm just not sure why you think it's relevant. It's entirely possible to have both personal investment and competence.
- mirashii 11y agoIt is, but the point was more that bringing in an outside person who may be less invested but has some skill that falls outside of the team's existing range isn't necessarily going to decrease your chance of success. We have advisors and incubators for a reason.