As I clean out my office, I am reminded of a lot of the really great companies I’ve met over the past two years. Wow, some of the people I’ve spoken with are really trying to make some serious changes to the way the world works. It’s getting me very pumped up!
However, it also reminds me that some of what I’ve learned will walk out the door with me. Atlas is better than many firms, in that there is a nicely built intranet portal, which allows good internal information share on deals that reach critical mass - this is critical to making good investment decisions within the partnership. I’m shocked that some firms exist with out this sort of a tool.
Some other funds are uber-diligent at memorializing ALL contacts with entrepreneurs and companies, and all conversations are carefully documented. These funds are like elephants. Anything you say to them is likely to be remembered for the life of the fund. I’m not trying to freak you out, but just keep that in mind when you speak with VCs. They may actually remember what you tell them!
