Josh Felser is co-founder of seed-stage VC firm Freestyle Capital. He explains his personal commitments and board governance standards regarding communication transparency.
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“So I promise entrepreneurs that I will never have a conversation about them. That they don't know about with other investors.”
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More from Josh Felser
Insight
Felser: Replacing seed founders performs so poorly it requires fraud to justify
“The history of replacing a founder at the siege stage with a new CEO, that historical performance of that experience is so poor that I can't imagine, it would have to be almost a fraud situation Situation for me to do that versus kind of replacing a founder wh…”
Josh FelserApr 17, 2017▶ 10:5120VC: Can Founders Really Trust Their VC & How To Navigate The Acquisition Process Successfully with Josh Felser, Co-Founder @ Freestyle.vc
Disclosure
Felser: A VC secretly pitched founders against each other at Spinner
“We had a horrible situation, Dave and I did, when we started Spinner. We had a VC who was whispering, I think I wrote about this, whispering in Dave's ear bad things about me, and whispering in my ear that things were okay.”
Josh FelserApr 17, 2017▶ 8:0120VC: Can Founders Really Trust Their VC & How To Navigate The Acquisition Process Successfully with Josh Felser, Co-Founder @ Freestyle.vc
Insight
Felser: Forcing a founder to stay damages long-term LP returns
“I can make a short-term decision that would actually maximize shareholder value for that company, but I could Destroy my reputation doing it, and so then that, so if I look at my ultimate duty is to my LPs, so short-sightedly I can say, well, you know, I'm gon…”
Josh FelserApr 17, 2017▶ 10:1420VC: Can Founders Really Trust Their VC & How To Navigate The Acquisition Process Successfully with Josh Felser, Co-Founder @ Freestyle.vc
Opinion
Felser: Venture capital is easier than entrepreneurship due to flexibility
“It's obviously easier than being an entrepreneur, but I can do it from anywhere. I'm flexible about my hours. I can work, you know, sometimes I work until one AM, sometimes I work until three PM and have a portfolio of companies to spread the stress across.”
Josh FelserApr 17, 2017▶ 4:5020VC: Can Founders Really Trust Their VC & How To Navigate The Acquisition Process Successfully with Josh Felser, Co-Founder @ Freestyle.vc
Opinion
Felser: Later-stage VCs are more transactional than early-stage investors
“Well, later, later stage VCs really are become more transactional, I think, than early stage VCs.”
Josh FelserApr 17, 2017▶ 6:5320VC: Can Founders Really Trust Their VC & How To Navigate The Acquisition Process Successfully with Josh Felser, Co-Founder @ Freestyle.vc
Insight
Felser: Don't inform employees about acquisition talks until deal is finalized
“I wouldn't tell the team until you have a deal.”
Josh FelserApr 17, 2017▶ 20:3720VC: Can Founders Really Trust Their VC & How To Navigate The Acquisition Process Successfully with Josh Felser, Co-Founder @ Freestyle.vc
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