Isenberg: Wiring LP money does not put VCs in the trenches
Greg Isenberg · Keeping it Real with Danny Trinh · Oct 11, 2022 · at 29:42
Host Greg Isenberg critiques venture capitalists who refer to portfolio startups as 'our companies' after wiring LP capital.
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“Just because you invest in a company doesn't mean it's your company. So a lot of VCs, what they'll say is, Oh, one of our companies. Oh, I am. So they invested out of their fund, which they invested from LPs. So not even their own money. They're going and they invest and then they're saying, oh, particle. Yeah. That's one of our companies. Sorry. Sorry, Chad. But just because you wired the money does not, you are not in the trenches and you are not in the trenches.”
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