There’s a superficial sexiness of raising venture, of trying to be a technology company, and we lose sight of what’s really important. Venture is an asset class. At the end of the day, money’s money. You should build a company the best way that you think you know how, and it should come from wherever you think is the best, the people that help you the most, and get out of your way.
Venture, specifically, the way that it’s constructed comes with all of these reverse-implied odds that I think are really negative, and they force you to build companies in very specific ways that, in many ways, can be counterproductive to really achieving something substantial.
https://www.youtube.com/watch?v=Nqy6CcU84Xs (21:22)
Posted in:
Driving Change