Posted by MedTech Expert on 2008-01-01
Tags: Preparation Experience
Many venture funds today "employ" people with little or no venture experience, much less actual in-the-trenches operating experience. Many newcomers are merely resource allocators and could function just as well in a mutual fund.
Take the time to seek out those partners who have real business experience and, if at all possible, venture experience. These people are jewels when faced with problems to be solved. Those without experience can freeze. They lack know-how in working through the tough issues and tend to become dysfunctional and a major distraction.
Don't let the newcomers gain their experience with your company as there may be big price you pay for their education.PRIVATE: Members Only