Deal Experience Asymmetry Breeds Distrust Between Founders and VCs
Scott Kupor · Scott Kupor - Andreessen Horowitz (First Meeting EP.07) · Sep 2, 2019 · at 1:00:35
Scott Kupor, Managing Partner at Andreessen Horowitz, discusses his motivation for writing 'Secrets of Sand Hill Road' and the structural dynamics between venture capitalists and entrepreneurs.
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“So what I find now having been in this business for 10 years and then in tech for another 15 is there's this unspoken asymmetric information between VCs and entrepreneurs. It's probably not surprising, obviously, because look, we do this thing hundreds of times a year, and the most successful entrepreneurs might raise capital five, six, seven, 10 times in their whole life. And at least what I worry about is sometimes the nature of things being a black box and having asymmetric information is it creates just distrust, I think, between the organizations.”
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