Fun Friday: It’s All About Relationships, but Pass the Toilet Tissue

Very funny little item about Friends of Frank and deals in the urinals. Of course, how could I not remark on this amazing way of meeting and greeting – “Urinals”, huh? Well I guess that’s one way to have an all-male “members-only” club. :-)”.

On the German side, a discussion of venture capital in Germany by Dirk Riehle and his concern that Germany is “facing a venture capital deal market failure” reaches a rather startling conclusion: “From the data some of the VCs presented, it seemed clear what’s wrong with Germany, startups, innovation, and venture capital: There are not enough VCs”. Given the terrible IRR’s in recent years, I’m sure that several of the funds could “spare” their nonperforming VCs on a “permanent loan” status, kind of like the way museums get musty old pots out of their basement and off to someone else’s collection.

But to get some balanced feedback, I asked William Jolitz what he thinks about this supposition, since he’s the guy who handles the investment and international business side. “It isn’t a lack of VCs that causes capital to be restricted. It’s because of a lack of capital that there are few early-stage VCs due to the bubble burst – you have to make the dogs invested during the bubble perform before you’re allowed to invest again”.

“There’s no difference between being a VC and a loan shark”, as an east coast CEO likes to tell me, “except for the ties”. 🙂

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