David Rosenthal: commitment

Transcript context

…I believe that the founders own more of their companies at exit, at S-1 time, whatever it is, in this case, for those reasons and one other really important reason, which is a founder is going to raise a series B, series C, series D, or an IPO one time in their career, maybe two times in their career. If we're doing our jobs, and the people around this table have all done this multiple times, and you will help them raise better rounds from better investors, have a better process, and get to a better outcome... You'd have to talk to the entrepreneurs that I've invested in. But I suspect if you were to talk to them, the value that I can provide to them since I stopped being a professional venture capitalist as part of the firm, is exponentially higher than when I was within a firm because there's no conflict. Because there's no conflict. You can help them through that part, and that outcome results in de -risked. The subsequent rounds are de-risked, sure. I think there are a bunch of brand firms that can say that same thing. There's no conflict. I think there are very few firms that can say that part. The multiplicative effect of those two plus the help, I think, should yield better outcomes.…

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