VCs delivering tough messages
When I was a VC, I found the hardest part of the job was delivering the tough message of “no” to entrepreneurs. Nobody likes saying no, and it’s very hard to hear when you are invested in idea/company. Stuart Ellman and Jim Robinson of RRE Ventures have just published a good post highlighting some of the difficult messages they have to deliver. It reminds me a bit of the “you are the problem” post I did when I first left the venture business last year. Stuart and Jim’s piece is worth reading if you are curious to understand some of the issues VCs face when delivering tough news to startup executives.