Description: Wall Street is in a transactional business, but venture capitalists are in a more long-term business of building companies — a sort of patient capital, according to legendary VC Bill Draper, author of “The Startup Game.” Jonathan Burton reports.
Source:Â Marketwatch.com â€“ video report
Questions for discussion:Â
- Summarize the relationship between entrepreneurs and venture capitalists.
- Why is the relationship typically longer term and non transactional?
- What role should the venture capitalist play in the firm?