Why VC Attention Is Tied to Your Company's Progress 📉💼

I think if you're an investor, for many people, like your attention span for the company's unfortunately correlated with progress.

Yeah.

And if you think about it, if you're a partner at a big venture fund, you do a hot deal. If the hot deal works out, you stay on the board. Yes. If the hot deal doesn't work out, you stay on the board, but maybe you bring in your associate to learn how board works. If you—

And by work out, Charles, what do you, what does that mean to you? Just has another round with a markup, or—

I think if you feel like this is the company that you want to be associated with, for financial or career reasons. This is a company that's going to be of consequence and will matter. Then you stick with it. And if not, you're like, well, we have an obligation, but my time is valuable. My time could be spent chasing the next hot company. Maybe I bring in my associate. My associate gets to learn how to be a board member on this company that isn't doing well. Partners and investors have far more flexibility to move on in many cases than founders do. Not that founders don't Find replacements and bring it. Oftentimes that's a longer, harder slog for the founder than it is for the investor.