Ver Ploeg: Over 80% of VC advice to CEOs is useless
Eric Ver Ploeg · 20 VC 070: Do Investors in California Outperform The Rest of The World with Eric ver Ploeg @ Recursive Capital · Sep 9, 2015 · at 6:07
Eric Ver Ploeg, VC at Recursive Capital and former founder, shares the explicit advice he gives startup CEOs after investing in their companies.
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“I'm fully aware that the CEO who's been working 60 plus hours a week in a specific sector for several years knows a lot more about that sector than me as a VC board member who, I mean, really can rarely spend more than five hours a week on a specific company and has only been in that sector for a relatively short amount of time. So 80 plus percent of the stuff that I'm gonna say Yeah, you know, probably isn't actually worthy of action. And part of the job of the CEO is to, A, identify the good 20% and pursue that, and B, to pretty directly explain why the other 80% is not worthy of vigorous pursuit. Because that's how it is.”
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