gyan vardhan retweeted
TrueMeds is set to acquire DealShare for less than $100 Mn, a steep drop from the e-comm startup’s last private val of $1.7 Bn.
@entrackr broke the story on DealShare’s sale on last Wed, with Captain Fresh also in the fray. The deal puts the scale of the fall into perspective.
gyan vardhan retweeted
I have been saying this forever. Just google “90% of vc’s add no value…70% add negative value “ and my name likely pops up.
“ A super high bar for a VC is: do no harm.”
@travisk says only 10% of VCs are able to do no harm, and only 1% are actually helpful:
“ An operator who's running a company, if they're good, is a grandmaster of chess.”
”And the VC is a chess enthusiast. They check in on the chess match once every three months and they're trying to make a mark on the world. They have an opinion.”
“And you're like, don't go to Jordan and tell him how to dunk, and definitely don't go to him and tell him how to dribble. But it's hard because everybody has an opinion.”
“The way to think about it is—you're on the Serengeti. If an antelope limps in the Serengeti, the lion will take it down, even if it's not hungry. Can't even fucking help it. It's just what he does. That's kind of the nature of most VCs.”
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