VCs should treat founders as customers and LPs as shareholders
Rob Hayes · Uber's First Investor, First Round Capital's Rob Hayes on How The Deal Of The Decade Originated and Why Product Orientated VC Is The Future · Mar 21, 2016 · at 17:20
Rob Hayes, partner at First Round Capital, explains First Round's product-oriented approach to structuring a venture firm.
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“Now, listen, we think of, you know, our LPs are, you know, our investors are very important to us, obviously, but I think of them as our shareholders. And if I make my customers very happy and have the best product out there, Then my shareholders are going to benefit from that. Absolutely. Right. I fundamentally believe that.”
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