The Ledger
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John Henderson: Reputation matters tremendously in VC, unlike in early-stage startups
“I think in, in the venture world, your reputation matters tremendously, whereas in a, you know, in a small company, it really doesn't. You just need to build something, and you can be a lot more selfish in that sense.”
Founders should reference-check VCs by speaking with their struggling portfolio entrepreneurs
“Once you have a term sheet from a fund, go ahead and ask to meet three or four of the entrepreneurs that they've invested in. And often I suggest that you specify entrepreneurs who've been through a tough time.”