Posted by MedTech Expert on 2008-01-04
Tags: Venture Business Termination
Can you imagine hearing this from a VC" Well, I did this past year and just about fell out of my chair when I did. Granted this was a fairly inexperienced partner who was earning his/her wings. Nevertheless, the risk tolerance of this individual will be his/her undoing! And yours too if he/she joins your board as a major investor.
Unfortunately, I have seen more and more of this behavior over the past few years which furthur fuels the fire that today's VCs are very different than those who led this industry in the 80s and 90s.
Make sure you figure out where the VC you are talking to is in the pecking order of his fund before you proceed or you will pay with time and frustration.
This business, particularly early stage ventures, is not for the feint of heart. How these folks think the venture business is in their comfort zone is beyond my comprehension. They would be better off serving as loan officers in a bank.PRIVATE: Members Only