one VC, speaking off record, said that some of their portfolio companies would likely fail because of this. When I asked him why he wouldn’t loan the companies money, he said that perhaps they wouldn’t make the investment decision again given where the companies have gone, and that the fact that there are other VCs investing makes it hard/impossible to figure out who should pay how much.
# Michael Arrington
March 11th, 2008 at 9:10 am
one VC, speaking off record, said that some of their portfolio companies would likely fail because of this. When I asked him why he wouldn’t loan the companies money, he said that perhaps they wouldn’t make the investment decision again given where the companies have gone, and that the fact that there are other VCs investing makes it hard/impossible to figure out who should pay how much.
translation: they are on their own.