As a lot of the venture capital world seems to be shifting away from consumer, we want to make sure that consumer entrepreneurs know there's still money available.
Sentiment: POSITIVE
I don't think a lot of people have been entrepreneurial about venture capital.
Venture capital is always wanting to go up market.
I'm saying there's plenty of money out there for great consumer entrepreneurs with great consumer products attacking really big markets.
So many folks in the venture capital business are sheep that just want to follow the herd. They are momentum investors purchasing highly illiquid investments. That is a recipe for disaster.
If I were to leave and raise a venture fund, I would have to find 10 or 100 LPs. They would all give me a bunch of money, and I would take a percentage of that to pay myself. They would expect me to invest that over the next three years, and they want that money back in seven or eight years.
The best early-stage venture capital investments appear obvious in retrospect; however, very few of them are actually obvious when you make them.
Whatever the potential pitfalls, banks are increasingly enthusiastic about venture capital, particularly in new companies with strong prospects in fields like health care and technology.
Most startup entrepreneurs unnecessarily spend half their time and give up half their equity in search of funding from angel investors and venture capitalists. Tens of millions of dollars are available to them for free from partners who not only don't want their equity, they don't even want to be paid back.
Why do investors seem to care about 'billion dollar exits?' Historically, top venture funds have driven returns from their ownership in just a few companies in a given fund of many companies.
It's really important that we have an ecosystem where small innovative entrepreneurs can develop new products and access consumers and have a chance to succeed.
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