Motschwiller: Capital Gluttony Causes Startups to Lose Discipline and Focus
Max Motschwiller · 20VC: The 4 Key Skills All VCs Need To Be Successful, How To Build, Maintain and Scale Your Network in VC and What is The Process Through Which VCs Build Conviction in Opportunities with Max Motschwiller, General Partner @ Meritech Capital · Jun 25, 2018 · at 31:23
Max Motschwiller is a General Partner at Meritech Capital discussing industry-wide risks in venture capital.
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“There is a ton of capital in the system, and access to capital is a great thing in some respects, but to use a Rob Ward term, he frames it, there's capital gluttony. When there's too much capital, it can lead to deprioritization and defocus, Because you think you have so much time, and you'll end up wasting a lot of capital and not focusing in at times where the business needs to be really focused, and so using capital as a forcing function for discipline is something that we believe is really powerful, but with the amount of capital out there, I think a lot of companies are losing that advantage.”
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