Big Picture-Macro View

What the greatest technology investors say about the Big Picture-Macro View

 

Fail Quick & Cheap

Howard Morgan Partner First Round Capital

Morgan explained  his firm’s investing strategy. “We were the first ones to do seed-stage investing professionally. [] We also knew [] how the venture model worked, where you couldn’t afford to fail.  The key to our strategy is failing cheap.  The one lesson [] for all entrepreneurs is, ‘If you’re going to fail, fail quick and cheap.’  There’s no stigma in failing that way.  But if you blow a hundred million bucks, big stigma.”  Howard Morgan, from the book, Mastering The VC Game by Jeffrey Bussgang,  copyright 2010, pg 65-66