A couple of years ago, Ernie the Entrepreneur told me about his encounter with Victor the Venture Capitalist. (Not their real names.)Victor was so impressed with Ernie's software startup that he was willing to invest $5 million. Ernie was thrilled. He only wanted $2 million!
But then Ernie was dumbfounded because his more modest request proved to be a deal breaker. Victor explained that he really needed to make bigger investments, given the size of his fund and his business model. Fortunately, Ernie later scored with one of the then-new breed of smaller funds that didn't think of $2 million as small potatoes.
To read the full, original article click on this link: Harris: Will venture capital 'right sizing' bring better returns? - San Jose Mercury News
Author: Scott Duke Harris
