Knowledge@Wharton: Venrock was an investor in Dollar Shave Club, which was recently sold to Unilever for $1 billion. In some respects, that sale had to make you feel good about the faith you had in the idea originally.
David Pakman: It’s always nice to see an entrepreneur get their dream to come true. This was an incredible team. And it’s true, not a lot of investors believed in them early. It was a company that was hard to raise money for in the early days. But I saw a lot of interesting numbers and trends, and I believed in the team. It had a lot of conviction. So we led the Series A and the Series B rounds, and it worked out great for everyone.
