Eric Ver Ploeg of Recursive Capital compares the relevant operational background of angel investors in Silicon Valley with wealthy individuals in regions like Ohio.
Insight
Ver Ploeg: Over 80% of VC advice to CEOs is useless
“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 a…”
Opinion
Ver Ploeg: Uber's growth mirrors early Google, justifying its valuation
“You know, I haven't seen their financials, but, you know, I've talked to their investors who have, and, you know, they say things like, you know, it's financials are like the early days of Google, that, you know, it really is growing that Stratospherically, an…”
Insight
Ver Ploeg: Data disproves that remote tools democratize startup success
“You know, honestly, I had thought, sort of a hypothesis of mine was that there, we would see increased geographic democratization over the last handful of years, given, you know, better communication, lower friction and overhead in, in engaging remote resource…”
Insight
Ver Ploeg: A startup board is not the CEO's boss
“Your board is not your boss, right? It's an, and by the same token, you know, becoming CEO of a young company is not sort of about unfettered open field running either. A board is an amalgamation of people who have a collective interest and have their own sepa…”
Insight
Ver Ploeg: Board members should prioritize rational outcomes over emotional support
“By and large, I don't think that's the normal operating role of being sort of the support. I think the, in terms of an efficient business interaction, the role of the board member is a very you know, To be very rational and to be very specific about trying to …”
Opinion
Ver Ploeg: Meal delivery startups lack defensibility and will compete to death
“I just don't understand all of these, you know, sort of food meal delivery businesses. They've raised a ton of money and I look at them and I just don't understand where the defensibility comes from their business models and how they're not just going to, you …”