Patterson: VC decision-making must be distributed, unlike hierarchical PE
Arthur Patterson · 20VC Special: Accel Founders Arthur Patterson and Jim Swartz on Building Accel Into One of the Most Prominent Venture Firms Over Four Decades, How Today's Market Compares To The Dot Com Bubble, How To Do Generational Transition Well and Why Accel Will Nev · Nov 8, 2021 · at 25:56
Arthur Patterson is co-founder of Accel. He compares decision-making dynamics between venture capital and private equity firms.
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“Venture investing can be quite emotional because the companies are so dynamic and get into such trouble, and it's very important to have a balanced decision-making and not have it dependent on how one guy gets out of bed in the morning, and that's not true in private equity, which is much more hierarchical, but in the venture business, we think it's very important that it be Spread.”
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