In Ben Horowitz’s The Hard Thing About Hard Things, he recalls a conversation in 1999 where one of his investors asked coldly: “When are you going to get a real CEO? Someone who has designed a large organization, someone who knows great senior executives and brings pre-built customer relationships, someone who knows what they are doing.”
Horowitz describes how that stinging comment became the inspiration
for starting his own fund and one of its goals: teaching founders how to
grow into executives.
This is one of the hard things about being a VC today: You must give
entrepreneurs more than just capital. In my experience as a founder and
sometime investor, here are five hard things I’ve seen great VCs do for
their companies long after their checks have cleared. Read more