Friday, May 13, 2005

The cost of fundraising

Ed Sim makes a good point about the opportunity cost of time spent fundraising. He echoes what I’ve heard Mark Leslie (ex Veritas Chairman/CEO) say that when there’s a positive outcome with an exit (IPO, merger, etc.) no one complains about their percentage of the company and conversely when there is a bad outcome it doesn’t matter whether you had 2% or 20% of the company.

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