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#358 I had dinner with John Mackey, Founder of Whole Foods
Founders
Venture Capital: The Hitchhiker Analogy
View venture capital partners as transient participants in a journey rather than permanent fixtures. They contribute resources, akin to hitchhikers with credit cards who pay for gas, as long as the direction aligns with their interests. However, their lack of commitment can lead to attempts to steer the venture if it strays from the promised path. Maintaining control over the direction of the business is crucial to prevent them from taking over or forcing an exit, highlighting the imperative of ensuring alignment and understanding their limited involvement in the long-term journey.
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