Grossman: Venture Capital Forces Exit Timelines That Harm Long-Term Founders
Ken Grossman · Sierra Nevada Brewing Company: Ken Grossman · Mar 30, 2020 · at 58:21
Ken Grossman, founder of Sierra Nevada Brewing, explains why he rejected venture capital investment when buying out co-founder Paul Camuzzi in the late 1990s.
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“They're gonna have some really tough metrics that I've gotta meet to give them the returns they're looking for, and then they're gonna want out in five or seven years, and I'm gonna be right back where I am today, but in a worse place.”
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[585] Guy Raz: Okay, fine.
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