If you just want to invest, and take your hands off, this is great. It means you have less work managing, so you can make smaller 'bets'... err, I mean investments.
Also means the team can get on with it, and have to spend less time managing investors. Yes, some start ups do spend a lot of time doing stuff just to present nicely to investors. From taking days off working on product preparing the office so it looks more professional, to preparing speeches, and developing further pitches.
Comments
Great move.
If you just want to invest, and take your hands off, this is great. It means you have less work managing, so you can make smaller 'bets'... err, I mean investments.
Also means the team can get on with it, and have to spend less time managing investors. Yes, some start ups do spend a lot of time doing stuff just to present nicely to investors. From taking days off working on product preparing the office so it looks more professional, to preparing speeches, and developing further pitches.