Often Wrong, never in Doubt.

Submitted by jpark on Wed, 08/25/2004 - 16:17
I was reading the WashingtonPost article on Google's IPO , and realized this attitude was pretty pervasive in the VC community. We KNOW that several, if not most of our picks won't be home runs, quite a few won't even return the initial capital. This is why we take so much care/time in picking the deals to invest.

But investors support our investments. Always. To do otherwise is counterproductive. It also creates a bad feeling in your companies, and with your co-investors. So every investment we make is the right investment. Until proven otherwise. Also, every investment "seemed like a good idea at the time."