I am a venture capitalist, which means I invest in companies that I think have promise. But my whole philosophy of investing changed when one of the entrepreneurs with whom I worked received an acquisition offer he hadn’t sought.
The founder was elated. I was dismissive. I remember saying that the amount wasn’t nearly big enough, that we could do better. Let’s grow faster, get bigger. Raise more capital! I started cheering, “Be aggressive! Be aggressive!”
