Yesterday was a particularly good day. I was able to get some work done in the morning to help one of the startups I advise and then spent the rest of the day sharing meals and drinks with entrepreneurs and investors who are becoming good friends. One of these, whom I’ve known for a number of years now, Mike Hennessey, was sharing his views on chemistry and the importance of this in relationships between investors and entrepreneurs and I couldn’t agree more.
Incredibly, when I awoke this morning, I read a post by famous investor, Fred Wilson, on just that topic. Great minds think alike – I’m talking about Mike here. In the post, Fred talks about the importance of getting to know entrepreneurs (and visa versa) since a lot of the value that an investor provides will depend on maintaining a good relationship with said founder.
Broadening the discussion on chemistry a bit, I must say that since making the switch to the “startup world” (some would say at too late a stage in my life), I have felt much more “chemistry” with the people involved. This isn’t to say that I’m not aware that there are some people who don’t care for “moi” (I can be a pain in the neck), but I really admire entrepreneurs in general and, especially strong ones. I kind of think that that admiration for these founders is at the core of any chemistry that might engender in the process between myself and them.
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