Wednesday, August 03, 2005

Cliche of the week: Meeting the numbers

Fred Wilson has another good "cliche of the week" -- Meeting the numbers. A few excerpts I like:
  • I have never felt that venture capital was a particularly quantitative business. And that's coming from a quantitative guy.
  • I've heard people use many different metrics in talking about the value of businesses... But for me, there is only one real measure of value and that is cash flow.
  • The first thing you must do is instill a culture of meeting the numbers in a Company and it has to start at the very top. If the CEO/founder/entrepreneur doesn't care about meeting the numbers, then nobody else will.

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