While I don't agree with the original point either, VC's most definitely hold a leadership position within a company. After all they always a board member and two or three VC's typically represent the majority shareholder block.
I've seen it go both ways. I've seen VC's lead companies to huge exits, as well as lead companies straight into the ground.
i did not consider the fact that they hold a board position and represent the majority shareholder block and because of that they have an influence on the company culture. i was wrong and retract my statement accordingly.
Comments
"- don't talk/tweet/blog about your vineyard, yachting, golfing etc while you tell your CEOs to work non-stop and be frugal etc. "
I don't really get this one. It seems like great advice for the CEO of a company, but not for a venture capitalist?
Agree. When I see my VC friends tweeting about those things, it serves as another reminder of what awaits you when you win :)
Most VCs are richer than most CEOs, especially when you consider most CEOs are in their first startup and haven't made it yet.
exactly... that's my first point: give them something to reach for, the end game.
my second point is that the VC is not really leadership so the example the VC sets is irrelevant.
While I don't agree with the original point either, VC's most definitely hold a leadership position within a company. After all they always a board member and two or three VC's typically represent the majority shareholder block.
I've seen it go both ways. I've seen VC's lead companies to huge exits, as well as lead companies straight into the ground.
i did not consider the fact that they hold a board position and represent the majority shareholder block and because of that they have an influence on the company culture. i was wrong and retract my statement accordingly.