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Ask VH: What’s dumb money?

Q: Everybody is telling us to raise smart money. What’s the difference between smart money and dumb money? “The best assumption to make is that your VC’s primary value add is the cash they are investing. Then you’ll always be surprised on the upside.” — Marc Andreessen Summary: Smart money is money plus the promise of help that’s worth paying for, dumb money is money plus hidden harm, and mostly money is mostly money. Weed out the dumb money with diligence. Evaluate supposedly smart money with the smart mone... lire la suite

Lien du post: http://feeds.venturehacks.com/~r/venturehacks/~3/177094551/dumb-money

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