Investing in management means building communication systems, business processes, feedback, and routines that let you scale the business and team as efficiently as possible.

Investing in management means building communication systems, business processes, feedback, and routines that let you scale the business and team as efficiently as possible.

Don't try to solve the entire problem on day one.

Venture capitalists are professional money managers. We are provided capital to invest as long as we can return it to our investors with a strong return in a reasonable amount of time. A strong return is three times cash on cash. A reasonable amount of time is ten years max.

Equity capital is expensive. Every time you do a raise, you dilute.

Board meetings should not be for the benefit of the board. They should be for the benefit of the CEO and the senior team.

When I see people laughing at ideas and companies we have backed, I smile. It means we are going to make a lot of money on that investment.