The Pyramid Principle
Roger Ehrenberg just wrote a post entitled: “The Pyramid Principle: Venture Investment in a Capital-Efficient World” I think it’s very much worth reading if you’re as passionate about making Vancouver a world class tech center as we are.
It will require a culture that pushes rapid assessment and admission of mistakes, rewards innovation and compensates heavily for successes that can be broadly applied. Most large venture firms find this activity too time-consuming and capital inefficient to warrant much attention. In the future I believe that getting the base right will be the key to success in the large-scale venture field.
Bootup Labs is the base of the Pyramid. We live to serve the rest of the Venture Capitalists who don’t feel like changing their model or letting go of their management fees. Help us, help you.