September 18, 2008
I wanted to share a great point a fellow board member made a couple days ago.
One of our portfolio companies is in the very early days of launching their service, and has an opportunity to do a deal with some major brands that are closely connected with the demographic.
I was initially pretty excited about the opportunity. But, my fellow board member pointed out, how often have we all been party to similar “big deals” that pan out to alot of distraction but precious little actual results?
We opted to hold off on pursuing the deal at this stage of the company and to keep our very limited resources focused on building a great product that our users love.