Fred Wilson on Reserves

From Startup Revolution
January 9, 2017 - 10:39am
Fred Wilson has a spectacular post up on how VC funds should think about reserves. It’s even more valuable to entrepreneurs so they can understand how the best VCs think about reserves, giving the entrepreneurs ammunition to ask their investors how they are thinking about reserves. I only noticed one thing missing from Fred’s post which is a statement about cashflow which I commented on. “Fred – phenomenal. The only thing I noticed missing was a comment on fund cash flow. To recycle, you have to have the cash flow. If you don’t have the exits to generate funds to

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