Several years ago, I wrote a post titled Why VCs Should Recycle Their Management Fees.
From the start of Foundry Group in 2007, we have felt strongly about this. We feel that if an LP gives us a $1 to invest, we should…
Essential reading, Jonathan.
I’ve seen far more of this kind of startup founder than I needed to. A classic example of what tech entrepreneur Doug Wolfgram would rightly call “all hat, and no cattle”.
Great stories. Excellent writing.