Tuesday, October 11, 2011

Max Levchin on managing your investors

I love this quote:

"Figure out one thing each of your investors is genuinely really good at, and insist they help you with that. Among other things it will save you from their help in other areas."

--Max Levchin


Dan said...

My best investors are the ones that are really good at giving money. Luckily, they have a sense of humor as well.

Mae Lorraine Jacobs said...

@Dan: That's blunt, but it's actually true. Investors should be open to spending money; otherwise, they don't deserve the title.

As for me, though, I'd like my investors to have an excellent idea about the business. When he understands it, it should not be difficult for me to ask for more funds.