Swami: VCs make money on winners but build reputations on failed startups
Sanjay Swamy · Reverse Brain Drain, Reality Of Venture Capital And India’s Next 10 Year Explained By Top Indian VCs · Jun 23, 2024 · at 1:00:41
Sanjay Swami, Managing Partner at Prime Venture Partners, discusses how venture funds manage troubled portfolio companies.
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“So, there's a famous quote, I think you used to tell me, I don't know who you are spending it to, but you make your money on the winners, But you make your reputation on the ones that don't pan out, right? And so we end up, you know, it seemed like an expression, but today, 15 years into this journey, we really spend a disproportionate amount of time with the companies that aren't panning out, and trying our best to see how we can make something happen out of it”
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