Steve Blank
NOVEMBER 2, 2009
In times when venture capital is hard to get, investors extract high costs for failure (down-rounds, cram downs , new management teams, shut down the company.) When money is tight, when there aren’t dollars to redo mistakes, you look for processes that allow you to minimize waste.
Growthink Blog
MAY 23, 2011
At the end of the period, all profits and proceeds are distributed to the various partners on a pre-determined split. And they hire very aggressive securities attorneys to represent their interests. Venture capitalists for the most part are very nice guys and passionate about entrepreneurship, but they are not shrinking violets.
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