Why Do "A-hole VCs" Survive?

One of our portfolio companies is raising money this year. It’s a great company, run by a great CEO, and it will get funded in a competitive process. The CEO was briefing our partnership the other day and listed the firms he is talking to. In another start-up a number of years ago, he had been backed by a different firm in Boston, led by another partner, and made them money. (I won’t identify the firm, or partner, for reasons that will become obvious.) “Why aren’t you going back to [insert name] at [insert firm]?” I asked innocently. “Life’s too short to work with assholes,” he replied pointedly.

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