At FRC we very often hear startups looking for lead investors, claiming they have enough “followers” to cover their round but lack a lead investor. We are puzzled by this and we find this a very lame feature of our industry. We recently “led” a round by being almost the smallest investor in this round by investing 15% of the round. We really don’t get this, we believe in conviction, that very same conviction you must have before writing a check whether you lead or you follow. Many times, founders approach us and ask whether we lead or follow. Our answer is always the same: from the moment we acquire the conviction of investing in you, we will do whatever it takes to get the round closed whether it means to follow or to lead!
This blog will always be less than 1000 characters, which is just a bit more than a Tweet and much more interesting.