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2006.11.29

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Tom Higley

Hey Todd, I know those faces well. But they're not really the faces of Venture Capital; they're the faces of entrepreneurs who have VC investors. And that third face might be the face of the entrepreneur when he/she realizes they need to raise the next round or the face they make when it dawns on them, at exit, how much of the value of the deal goes one place versus another. Or maybe that's a 4th face.

Truth be told, I've never begrudged the money VCs make in a successful deal. But I may be in the minority among experienced entrepreneurs.

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