Just the other day, I had the somewhat unpleasant job of presiding over the shutdown of one of our investee companies. Not that it was a first—I’ve “lost” a dozen or so companies in the last 15 years of investing, out of 50-odd companies that time and money has gone into, and I’m reliably informed it’s a good ratio.
Image: The venture capital fund structure simply isn’t good for startups.(Reuters/Sivaram V)
