Interesting blog post below. I talked to a big investor today with a big brand behind him. I was surprised that I did not hear a vision for healthcare of the future. If I was him, I would have laid out what he wanted to happen in the market, what he wanted to change. Then lots of us innovators could have reacted to this. He did not share his vision. Or at least I did not hear it…
Many firms make their venture capital investments with a “shotgun” approach: fire chunks of money at a bunch of companies and hope that a couple of them make it big. That is to say, the VCs who operate this way make their money from anomalies. Talking to some such investors, though, you wouldn’t know it. If they haven’t seen it before, they’re not interested. They want something new from something known. They rely on exceptional outcomes from circumstances that align with their experience.
Alex Payne — On Business Madness
That really gets to the heart of a paradox at the core of VC investing. I don’t know what the solution is, but I’ve never seen that contradiction laid bare so succinctly before.
(via rickwebb)
