Can I post a direct link here... don't want to be accused of spam?
I expose just about everyone as a "roman a clef" (a work of "fiction":>).
I'm 58 years old. Entrepreneurial builder. Disgusted by VC/PE. Been writing this book since 1987.
I expose just about everyone as a "roman a clef" (a work of "fiction":>).
I'm 58 years old. Entrepreneurial builder. Disgusted by VC/PE. Been writing this book since 1987.
During my journey I took a beat and pointed my new skills at VCs. I interviewed a few dozen VCs trying to understand what they were trying to get done and what mattered to them, but with a bit of a bias trying to gauge whether they wanted to better predict market demand of their portfolio or prospective investments' products.
What I learned shocked me a bit. The sense I got was that they didn't really care about market demand or building a strong business, they mostly cared if the founder could sell the company up to food chain (series a, b, c etc).
Roughly speaking: "I don't care what value my portfolio companies create, I care about marking up my book so I can increase my take".
I don't know how much this had to do with ZIRP, but it really soured me to the VC industry. I've been committed to bootstrapping my companies ever since.
Also, the two links in your profile do not work
I see a post with 13 points (upvotes / positive reactions) and [flagged] (meaning the title alone upset a few people given there's been no time to read the content yet).
As with all HN submissions, YMMV - Your Mileage May Vary