Wang admits he was "dead wrong" thinking VC ownership targets were stupid
Ted Wang · 20VC: A Framework For Approaching Risk and How It Affects Portfolio Construction | Lessons and Advice From Working with Dropbox's Drew Houston | Why Being A Learning Animal Is The Most Important Factor For Success with Ted Wang, Partner @ Cowboy Ventures · Dec 17, 2018 · at 11:08
Ted Wang, Partner at Cowboy Ventures and former startup attorney, reflects on how his perspective on venture fund ownership changed after transitioning into investing.
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“When I was a lawyer watching other venture capitalists amass their portfolios, I really didn't understand, you know, why they were so focused on percentage ownership. And I sort of thought it was, it sounded pretty stupid to me, to be honest with you. And now I found that I was in fact dead wrong and percentage ownership is just so critical”
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