Sramana Mitra: What you’re pointing out is the fact that even though people believe that entrepreneurship is about risk-taking, successful entrepreneurship is about calculated risk-taking and risk-mitigating. Susan Mason: Absolutely. You have to decide what your objectives are – the risk versus the wealth equation. The early employees take the highest risk. You need to
Sramana Mitra: If you do that capital efficiently and exit into a large company with the channel that has all those different verticals that they can access, you could conceivably broaden that portfolio and the acquiring company then gets a lot of leverage out of that platform. Susan Mason: Indeed. What we’ve seen is that
Sramana Mitra: Very much in alignment with the philosophy we practice here is capital-efficient entrepreneurship. We encourage our entrepreneurs to bootstrap as much as possible and do things with not too much money such that you end up with not very much in wealth creation. You raise a lot of money and perhaps build to
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Susan Mason was recorded in October 2015. Susan Mason, General Partner at Aligned Ventures, talks about the dysfunctions of the broader venture capital model, and what her firm is doing to address those. Excellent