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Emil Michael, Fmr Uber CBO: Ridesharing and Picking VCs

"World of DaaS"

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Importance of Venture Capitalists in Different Stages of Fundraising

In later fundraising rounds, the venture capitalists matter less as they are more ROI oriented and may not necessarily require a board seat. The governance of the company is mostly established by then. However, in the early stages, the choice of VCs is crucial as they can have a significant impact. Entrepreneurs should not overvalue the short-term help VCs offer, like recruitment assistance or customer introductions, and should instead focus on the long-term value a VC can bring by being actively involved in the company's decisions through board participation.

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