Dearing: Harrison Metal cut reserves over values violations only twice in 100+ deals
Michael Dearing · 20VC: Michael Dearing on 5 Key Principles He Uses To Assess Startup Founders, Why Benevolent Dictatorship Is A Beautiful Thing & Why Markets Are Better Capital Allocators Than CEOs · Oct 9, 2017 · at 17:10
Michael Dearing, founder of Harrison Metal, explains how often he decides to completely withhold follow-on reserves from portfolio companies.
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“I've rarely come into a situation where I've completely pulled out. I mean, it has happened, but usually for real values violations, you know, dishonesty, and thank God that's only happened, like, you know, two times out of more than a hundred cases.”
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