Clint Korver is co-founder and controlling director of Ulu Ventures, a Silicon Valley seed stage experience firm investing in enterprise IT, FinTech, and startups led by various founders.
A venture capitalist (VC) is an investment that provides young companies with capital in the business for equity. New companies often turn to VCs for funding to mount and commercialize their products.
“Ninety-five percent of VCs aren't promising,” he said. It took me a while to understand what this means. I'll clarify: Ninety-five percent of VCs aren't returning enough money to justify the risk, fees and illiquidity their investors (LPs) are carrying on by investing in their funds.
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