At some point something will go wrong, even in the best venture investment. When it does, everyone had better be able to work together. We don’t invest unless we are individually whole-hearted and unanimous within Assembly about the investment.
Our best references come from the CEOs of our portfolio companies. If we can’t do more than invest money, we shouldn’t invest. The place for passive investments is the stock market. If we are going to sacrifice liquidity and see funds locked up for years, we want to have a significant influence on the business. [...]