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The End of My VC Career

39 点作者 ilghiro大约 7 年前

5 条评论

tptacek大约 7 年前
There&#x27;s not much of interest in this story. Glaenzer was caught, by police witnesses, sexually assaulting a woman in a London train. He was convicted. He retained his role at the VC firm he cofounded for several years, but discovered that institutional investors --- the people who fund VC funds --- were unwilling to allocate capital to a firm that included Glaenzer. He left the firm.<p>The job of a VC partner is about trust, judgement, and persuasion. Flagrant violations by partners redound to the reputation of the whole firm. When you understand just what it is a VC firm is, how they&#x27;re essentially middlemen simultaneously pitching themselves to operators and to capital, it becomes clear how important reputation is. Really, it&#x27;s <i>all there is</i>. Without it, you can&#x27;t do the job.
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leggomylibro大约 7 年前
This is a complex topic, but it seems like there are a couple of questions about the character of people who work in executive roles which <i>should</i> fundamentally matter in due diligence discussions.<p>Do they implicitly respect the agency of others? Do they see people as individuals with their own goals and the fundamental right to decide what those goals are?<p>These people make a lot of decisions on behalf of others, and I believe that asking those questions isn&#x27;t that far off from asking: can you trust them to act in the interests of their employees, clients, and customers? Or at the very least, are they likely to have some sense of fiduciary duty towards the people who they agree to perform work for?<p>So, from my perspective, &quot;a private mistake which we all agree was not business-related&quot; sounds...well I don&#x27;t know the right word, but who is &#x27;we&#x27; in that phrase?<p>And I don&#x27;t know which institutional investor balked at the fund based on the perceived character of its decision-makers, but I appreciate that they considered that angle in their process.
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brighteyes大约 7 年前
&gt; I suggest that by remaining in his position he took very few consequences, and that in almost any other walk of life a person with less privilege would automatically lose their job after being convicted of sexual assault.<p>Is this actually true? If, as a random example, a waiter in a restaurant were convicted of sexual assault on the subway (as in the story here), how would the owner of the restaurant even know about it to fire him?<p>I think things work exactly the opposite of how the author of this piece does. The person under question here had his career end because he was famous in his field. But 99% of people are not famous. Rather than &quot;privilege&quot; shielding him, being rich and famous was his downfall.
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endlessvoid94大约 7 年前
This is the kind of article that makes me want to go into the mountains for a week.
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draw_down大约 7 年前
Actions have consequences.