Where I Invest
My firm has a great track record. What’s the secret of our success? My partners and I only invest in great teams.
Whereas other venture firms prefer to take their chances with untested greenhorns, we’ve found that our funds perform much better when we invest in companies that have great teams.
So to increase your chances of being granted the opportunity to give me a large portion of the equity in your company, you should prepare by first being a great team, and if you’re not a great team, then either become great, or go pitch the many firms who invest only in mediocre and bad teams—statistically speaking, there must certainly be many; most of the truly great teams are already busy at work in our portfolio.
So be great. Or go away.
[...] with a particular entrepreneur, I like to invest in those guys, if I can—provided they have a great team and are willing to walk through [...]