Venture capital firms would rather work together than go it alone, writes Sam Hogg of Open Prairie Ventures. This strategy allows firms to spend less time on due diligence while mitigating the risk. For this reason, "it's foolish to pitch an all-or-nothing investment opportunity to any firm," Hogg writes. "Instead, take that first offer (if you're lucky enough to get one), and keep pounding the pavement for more dollars."
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