Venture capitalists are great financial engineers. What they don’t know about preference shares probably isn’t worth knowing – and so it should be. Yet it strikes me that this trend for VC houses to be dominated by finance guys is a peculiarly UK and European phenomenon.
In North America, VC firms have a diversity of talent split fairly equally across finance, entrepreneurial and industry backgrounds – i.e. people who can do deals (the easy bit!), people who can build successful businesses and people who can create new markets. If the UK wants to replicate the successes seen in the US, perhaps now is the time to accept that VC houses need to be providing more.
To read the full, original article click on this link: Can An Entrepreneur-in-Residence Give A VC That Extra Edge? | TechCrunch
