In venture capital, founders are the ones who work 24/7 driving the company forward, while investors typically visit only once a month and communicate via phone twice weekly; therefore, investors must have faith, confidence, and patience in their selections, as poor founder selection cannot be compensated by even constant investor presence.
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Why Founders Hate Controlling InvestorsAdded:
Nobody ever becomes an entrepreneur because he or she is looking for a new market. So, if as an investor you go in and see mera paisa meri company that simply won't work. It's the founder who's there 24/7 doing the blocking and tackling. You are going in there once a month and you're talking on the phone twice a week. Very often the meeting is in your office, not in the investing company's office. You're not even there.
They're coming to you. So, you got to have faith and confidence and you got to be patient. Now, if you've selected the right entrepreneurs back, hopefully this will be the right way to work. But if your selection was bad in the first place, then even if you're back 24/7 you can't make a difference.
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