Cram Down Hiring Management Operations 
Both Sides of the Table
APRIL 20, 2011
Howard Morgan earned a PhD in Operations Research/Computer Science in 1968. He also says it is important to be able to participate in follow on rounds so as not to get “crammed down”. They did not take salaries during the first two years and invested more money in the firm than they received from management fees.
Growthink Blog
MAY 23, 2011
Management has the wrong pedigree, is geographically undesirable, competes in the wrong industry, and/or has a business model that lacks "scalability credibility" with the venture community. By definition, companies that receive venture capital cannot fund their businesses from operations, and thus need to seek outside capital.
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