Venture Capital

Survey: Vcs Value Business Profitability Over Founder Pedigree

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According to a Pitchbook survey out June 25, investors valued a founding team's background less than they did in November 2019. The change coincided with an increased reliance on economically-resilient traits, such as business model and path to profitability, the study found. The shift is just the latest in the tectonic changes taking place in Silicon Valley, particularly in relation to the power balance between founders and venture capital investors that fund them.

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