One of my mentors in the VC business used to say "the success of an investment is in inverse proportion to the number of VCs on the board."
I love that line and use it often. One or two VCs on your board is OK. Four or five is a disaster.
But beyond the board, what about the syndicate? I've seen some recent financings where there were six or more VCs firms in the syndicate. And that doesn't include the angels.
To read the full, original article click on this link: A VC: VC Syndicates: How Many VCs Is Too Many?
Author: Fred Wilson
