GP QUOTES

1 " The morgue is a Victorian update of a system established by Alfred the Great. It's the place where certain deaths are resolved - those where the cause is unclear or is the result of some intended or accidental violence. The bodies are almost always victims in some way - of crime, suicides and car crashes, but also victims of loneliness. It's where you go if you die alone in your flat and your body lies undisturbed for days. It's where you go if no one knew you were dying and no GP attended your final hours. It's where you go if no loved one held your hand as you slipped away. In one way or another, then, all the people who pass through this room are the people who die screaming. "

― Stephen Armstrong

2 " His lips so soft, yet so stern, he pressed his mouth to mine. " I will have both of you," he said. " My Sentinel and my city. And the GP will learn exactly how stubborn we both can be. "

3 " A good portfolio manager knows which companies to keep and which ones to let go. Many a GP has struggled with portfolio companies that cannot meet their value-creation milestones, or raise additional follow-on rounds of capital, or generate target returns in a time span of, say, five to seven years. The faster you recognize those losses, the better it is.”
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“As David Cowan says, “Just focus on your top five—the rest is distraction.” The harder part of the investor's discipline is to know when to quit.”
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“You have to constantly scan all of those things and be willing to adjust your own sense of what's a reasonable outcome and move the company into a position where it has the maximum chance to succeed. ”
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“Time is your enemy: Portfolio companies always take twice as much capital and twice as long to exit. Early-stage companies rarely meet milestones as planned and always burn cash faster than anticipated. "

― , The Business of Venture Capital: Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies