An interesting report from Crescendo Ventures on investing in the Storage Industry Crescendo Ventures Report on Overspending it claims that there are a number of surprising results. Amongst them that the companies with the most cash weren't the most succesful. Firstly as a VC with a massively under-capitalised fund I am glad to hear it. The so-what that they draw is that it allowed companies to follow misguided strategies for too long. My take would be that it allowed the management to feel too comfortable and did not challenge them.
Treat em mean; keep em keen.
06 December 2003
An interesting report from Crescendo Ventures on investing in the Storage Industry Crescendo Ventures Report on Overspending it claims that there are a number of surprising results. Amongst them that the companies with the most cash weren't the most succesful. Firstly as a VC with a massively under-capitalised fund I am glad to hear it. The so-what that they draw is that it allowed companies to follow misguided strategies for too long. My take would be that it allowed the management to feel too comfortable and did not challenge them.
Treat em mean; keep em keen.
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