Being a venture capitalist must be one of the toughest jobs going – you are as popular as a traffic warden who used to be an investment banker. Your odds of success are probably no more than one or two projects in ten. Although you perform as much due diligence as you can, you are still more or less reliant upon the representations that the management team make. If you are successful no one likes you, if you fail you deserved it. Yet without this very important source of capital, some of our largest and best companies in the world could never have made it – Google, e-bay, Amazon.
I believe there are only three ingredients to a successful venture-backed business excellent people, timing and luck.
Mike O’connell, CEO, Isosceles Finance
To be continued ……….
Tags: Interim FD, Outsourced accounting, Outsourced finance, Part time FD
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