I think some venture capitalists forget this part of the job description sometimes.
Link: Everything-Assured Capital.
So I’m in the meeting: we’re discussing the state of our market and I get asked the question: Why enter this market now? Why not wait until there are 4 or 5 competitors and a couple of major analysts covering your market? The preamble by the questioner was along the lines of “we agree with your market premise – that what you’re doing is where the market will go – and we agree that you’re first in the market – and we love the team”. My answer is well – it’s “venture” capital isn’t it? I mean – it’s not “everything’s assured” capital is it? This is our profession is it not? You’re the venture investor and I’m the risk-taking entrepreneur. We form a symbiotic relationship that in the best circumstances rewards our risk taking. I mean this isn't Government Bonds Capital right?
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