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In later-stage ventures, important skills include recruiting specialist employees, communicating vision to new employees, and managing company culture. Cofounders are crucial. One said, “Most technical founders don’t have a clue about how venture finance works, and as a result they can get screwed by VCs.”
Corporate executives seek to inject “Silicon Valley DNA” into their cultures, and policy makers point to venture-funded entrepreneurship as a solution for all manner of problems. Soon after, she and her technicalcofounder also received a grant from Cyclotron Road. This is a dangerous mindset.
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