Waarom Venture capitalists operationele ervaring nodig hebben, en wel meteen
OPINIE VAN GEORGES VAN HOEGAERDEN
I keep getting questions from Limited Partners (LPs) and Journalists all over the world as to why and what relevant operating experience is needed to become a successful early stage investor or Venture Capitalists (VCs).
The easy answer is: well, if you are building a house you better know something about architecture, design and construction.
But the reason for the return of those questions is probably because I covered this topic before (see: 'Why VCs need relevant operating experience') and left the door open to less operationally savvy investors in a new world of investing. After all in a new free-market of innovation (see: 'How to fix VC once and for all') the merit of the investor, whatever that merit is composed of, defines the reputation of an effective marketplace participant.
If only we had arrived at that glorious point already.
Since we do not have a free-market of innovation today and Limited Partners are asking me for new fund selection criteria now, I give them the following reason as to why technology Venture Capital's General Partners need relevant operational experience:
The easy answer is: well, if you are building a house you better know something about architecture, design and construction.
But the reason for the return of those questions is probably because I covered this topic before (see: 'Why VCs need relevant operating experience') and left the door open to less operationally savvy investors in a new world of investing. After all in a new free-market of innovation (see: 'How to fix VC once and for all') the merit of the investor, whatever that merit is composed of, defines the reputation of an effective marketplace participant.
If only we had arrived at that glorious point already.
Since we do not have a free-market of innovation today and Limited Partners are asking me for new fund selection criteria now, I give them the following reason as to why technology Venture Capital's General Partners need relevant operational experience: