There is an old parable about commitment when it comes to breakfast. The story goes that when looking at a plate of ham and eggs, it's obvious that the chicken is an interested party, but the pig is truly committed.
Lately I've been thinking about the parable of the pig and the chicken in the context of characteristics that make a great entrepreneur -- and the kind of entrepreneur that we VCs in general, and my firm in particular, like to back. In short, we like to back pigs: Entrepreneurs who are truly and completely committed to the outcome of their venture, have a lot of stake, and no fallback.
To read the full, original article click on this link: Why VCs invest in pigs, not chickens - Term Sheet
Author: Jeff Bussgang
