What are the elements of a successful venture capital firm?

echojason@gmail.com'

JASON LEMKIN

Just one thing.

Returns.

At least two 4x+ funds = true success.

  • It does not matter if founders like you.
  • It does not matter if you have a brand.
  • It does not matter if you have a blog.
  • It does not matter if you add value.
  • It does not matter if you never helped at all.
  • It does not matter how you got into the deal.
  • It does not matter who you threw under the bus.
  • It does not matter who sourced the deal.
  • It does not matter if you have “operating experience”.
  • It does not matter if you fired the Associate that sourced all the good deals.
  • It does not matter how.

Returns.

You are a financial product.

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Published on December 13, 2016
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