Sunday, June 22, 2003 [Tweets] [Favorites]

Fixing Venture Capital

Joel Spolsky:

VCs do not have goals that are aligned with the goals of the company founders. This creates a built-in source of stress in the relationship. Specifically, founders would prefer reasonable success with high probability, while VCs are looking for fantastic hit-it-out-of-the-ballpark success with low probability.

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