Ben Lerer: Long-Term Independent Startups Must Provide Early Investors Periodic Liquidity
Ben Lerer · 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A · Sep 5, 2016 · at 20:56
Ben Lerer, Managing Partner at Lerer Hippeau, discusses advising portfolio founders on choosing between M&A acquisition offers and staying private long term.
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“Generally speaking, we'd love our companies to sort of take the approach that you've seen a war be take, for instance, which is we're going to build something for 20 years. We're going to put our heads down. And then in those situations, you would hope that the companies would create opportunities for investors to get Pieces of liquidity as time goes on for investors as they think about creating liquidity for themselves.”
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