Cash Is King

Perspective, Pontification and Propoganda about Entrepreneurship and Venture Capital, brought to you by David Hornik of August Capital.

In a recent back and forth with fellow board members about a compensation issue, one of the board members wrote:

We are back to Al Shugart's 3 Rules of Entrepreneurship: each rule reads "cash is more important than your mother."

I couldn't agree more. There is no greater commodity for startups in this economy than cash. And there is no better-received trait by venture investors than frugality.

03/28/2003 in Management Issues, The Economy & Finance | Permalink

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