The entrepreneur is the customer and the LP is the shareholder. That’s the only way to think about the venture capital business that makes sense to me.

FROM:
Fred Wilson
The VC's Customer
Source

Reference

Comment/Reply

Widgets


Network Graph
Legend
Insight

This widget generates “insights” about a post - you can read about how it works.

Generating

Keyboard Shortcuts

Key Action
o Source
e Edit
i Insight
r Random
h Home
s or / Search
www.joshbeckman.org/notes/483343483