I would think it would be a big fucking nightmare to have a VC on my board who simply doesn’t get what I do and yet my perception is this happens often. I know many VCs who don’t have operating experience and frankly some of them are fantastic. Simply put – I’d be in search of a VC who had an intuitive sense of my product, my customers, my organizational issues, my competitors, etc.
“What I Would Look for When Choosing a VC – Knowing What I Know Now?” via Mark Suster’s blog.
I’m at my first true startup and am voraciously reading everything I can about VC’s and how to think about funding. I think Mark did a great job in this article summarizing some of the key points I’ve read and discussed about the space in the last year.