VCs are 'hitchhikers with credit cards' focused purely on exits
John Mackey · John Mackey: Building Whole Foods · Oct 29, 2024 · at 32:27
Whole Foods co-founder John Mackey discusses his experience taking venture capital in 1989 and navigating institutional investors.
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“I call the VCs I call them hitchhikers with credit cards, and, but what I mean by that is that they're getting into your car, And as long as you take them where they want to get to, which is an exit which either has to be a sale or an IPO... They're not there for the long ride with you. They're there for their own agenda.”
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