Marc Andreessen: The Truth About Venture Capitalists, Part 1

blog.pmarca.com

Notably, there are many fine businesses in the world -- many of them highly profitable, and very satisfying to run -- that do not have leverage in their model that makes them suitable for venture capital investment.

This post is probably a good place to refer the periodic you're-foolish-if-you-think-you-need-outside-investment-because-you-can-do-it-on-your-own posts that crop up around here every week or so.

Absolutely! If I took one thing from this post it's that there is no one-size-fits-all approach to funding. Can't wait for Part 2!

"The legal lifespan of the fund is usually 10 years"

Does that mean that Sequoia will disappear in a couple of years, or is it that VCs manage various funds? And why is there that restriction?

A single VC firm runs multiple funds. Some raise a new one every year.

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