Mah: Founders will never find patient capital from early-stage institutional VCs
Jessica Mah · 20VC: inDinero's Jessica Mah on Why Angel Money Is Better Than Institutional Money and Boards Should Work For Founders · Jun 3, 2016 · at 12:56
Jessica Mah is the founder and CEO of inDinero. She explains why she prefers angel investors over institutional venture funds for long-term company growth.
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“It's just harder to do that if they're not super patient capital, and you're not going to find patient capital with these early-stage institutionals. That's just not going to happen.”
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More from Jessica Mah
Mah: inDinero would be half as successful if she had self-funded
“This is incredibly valuable, I believe, and I'm a hundred percent certain my business would not be half as well off if I had the money just sitting right there ready for me.”
Mah: Institutional seed investors create severe signaling risk if skipping Series A
“When you put institutional money into your seed round, and they don't lead an A round, it really sends a horrible message.”
Mah: Less charismatic CEOs tend to outperform highly charismatic ones
“There's an HBR study about this, how actually less charismatic CEOs tend to outperform the more charismatic ones, and you've seen this in the Jim Collins books, right? Like I think Good to Great wrote about this.”
Mah: Founders must view fundraising as a core skill, not a chore
“Like, I think we have to change this attitude, thinking, oh, fundraising's a chore, it's a waste of time, it's not value-add, to thinking, actually, fundraising is really important, and we need to start accepting it as being Something that's, like, fun and ful…”