Accepting failures is important for growth. Today’s needull is interesting because it gives us the list of opportunities missed by one of the oldest venture capital firms. The humor is the reason I am recommending this to you.
Our reasons for passing on these investments varied. In some cases, we were making a conscious act of generosity to another, younger venture firm, down on their luck, who we felt could really use a billion dollars in gains. In other cases, our partners had already run out of spaces on the year’s Schedule D and feared that another entry would require them to attach a separate sheet.