I was going to save this post for a while but the “Patzer Problem” meme has forced my hand. I, for
one, am with Rob Hayes of First Round Capital on this one.
“If we are doing things right and our company founders are successful, then over the long run we should be successful. If we get to the point where our founders are successful but we can’t be, we should be rethinking our business.”
I have a philosophy. A thesis. An entrepreneur thesis. I’m not talk about the age old debate amongst investors whether you back entrepreneurs, markets or products (or as many people like to hedge – product / market fit). I’m unequivocal on that topic. It’s entrepreneurs I back. I’m on the record as saying I’m 70% management, 30% market. We’ll have that debate another day, I promise.
Today’s post is about my investment thesis. It’s what I call the “entrepreneur thesis.” My investment philosophy is to back the best possible entrepreneurs I can and to stick by them through the growth (or sale) of the company. I’ve outlined already what I believe makes a great entrepreneur and I’ve stated unequivocally that this is a subjective view of what it takes. But when I’m looking to invest the dollars that my Limited Partners have entrusted my firm with I’m going with my view.
To read the full, original article click on this link: The Entrepreneur Thesis
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