Why is it VC always look for serial entrepreneurs?
- VCs always want to know who the “team” members are that will run the company. Typically their websites always say we are investing in the team and your ability to start and grow a company. This is the wrong approach as CEOs are a dime a dozen and can always be hired to run a company with great IP.
- It is the people with the fantastic product or concept that are the real revenue generators. Why wouldn’t VCs partner with the thinkers who develop the concepts on which companies are built rather than the doers who implement the thinker’s vision?