The exit plan

For my first few years in venture capital, I generally reacted negatively to founders who included their exit plans in pitching their businesses to us. Usually, it happens towards the end of a pitch, after discussing the growth plan to X million in revenue, which will equate to some healthy…

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Forming an investment philosophy

I met with a young venture capitalist today who has been investing aggressively in consumer internet over the past 18 months. We discussed investment philosophies and it got me thinking about my own.  I began making angel investments in 1999 through Bayview Partners, the Robertson Stephens & Co. partners fund.…

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