Chapter 11. The Exit
There has always been a love-hate relationship between the VC and the entrepreneur. Most venture capital investors are frustrated entrepreneurs and think that if they could only run the business themselves, they could do it better than the entrepreneur they have backed. On the other hand, most entrepreneurs love their investor on the day they receive an investment, but as the years wear on, they feel they have done all the work and the investor has done nothing to earn the money that the investor has received.
The relationship between the VC and the entrepreneur becomes more strained when the company is operating poorly. At such times, you must step in to try to save your investment, and this usually causes great friction. ...
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