Entrepreneurs and VCs

VentureWoods writes:

It is very hard for an entrepreneur to trust a VC who doesnt have the necessary background in the activities that the entrepreneur is carrying out and the experience in having run (or be a part of) a startup. Somebody who has never answered the board from a management teams position almost always never understand how is it to run a company. So, while it is important to have people in your board who are independent Directors and arent involved in the day-to-day running of company, it is also important for the management team to be able to respect them. The respect comes automatically when the entrepreneur knows that the board member can (and does) empathize with the issues / challenges faced in a company and yet can give open and critical feedback.

India has its own unique problems. On one hand – we need serial entrepreneurs who have been successful in the past and not just the 1st generation entrepreneurs AND on the other hand, we need Venture Capitalists who have been entrepreneurs before.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.