Dispatches from the Frontier
Musings on Entrepreneurship and Innovation
Sunday, August 25, 2002
In its September issue Red Herring magazine reports, "Extortion-style funding dies an early (and timely) death." Welcome news, but I suspect that the damage has already been done. The venture capital industry may have blown the trust that is the basis for the industry. It could take a long time to recover.
Entrepreneurs miss opportunities to engage in conversations with prospective investors and connectors to such investors. In doing so, they are neglecting the fact that financing transactions are more often than not predicated upon relationships, and relationships require conversation.
Musings on Entrepreneurship and Innovation
Sunday, August 25, 2002In its September issue Red Herring magazine reports, "Extortion-style funding dies an early (and timely) death." Welcome news, but I suspect that the damage has already been done. The venture capital industry may have blown the trust that is the basis for the industry. It could take a long time to recover.
2:05:03 PM 
Entrepreneurs miss opportunities to engage in conversations with prospective investors and connectors to such investors. In doing so, they are neglecting the fact that financing transactions are more often than not predicated upon relationships, and relationships require conversation.
10:27:28 AM