• The most significant capital from an early stage venture investor is their intellectual and experiential capital. Investors in a venture should be active partners in the stewardship of the enterprise, not just a source of funds.
  • Founders represent the soul and spirit of any great company. A founder’s vision and energy are a wellspring from which new innovation flows, regardless of the specific operating role that a founder plays at any given time.
  • Aligned interests are the foundation of shared mission and transparency. Investors and management should align their interests both with each other and with the employees who are investing their time and passion to build a great company.