I have noticed that VCs tend to talk to the public and with their peers more about their home runs than their strike outs. Angel investors, on the other hand, prefer to relentlessly revisit their pain—often comparing their battle scars like veteran samurai. Probably because angels put up their own capital. Cs, angels truly eat their own cooking so it’s harder to forget their fallen soufflés.
VCs achieve their highs from the opium of OPM…so even a bad trip is still a free trip.
I recently had lunch with an inveterate venture investor (aka “angel”) whom I had co-invested with in a biotech, as well as, a med-tech company, several years back. Our conversation inevitably turned to peck at our past portfolios.
Original Article: Venture Populist » Blog Archive » Hits and Exit Wounds
