
The Rise of the Buddy VC
These days, venture capitalists do so much more than write checks; in fact, it’s starting to seem like some VCs will do everything short of give their portfolio companies backrubs. Investors—many of them former or current entrepreneurs themselves—host dinners, make introductions, sit on boards, and gently or not-so-gently nudge startups in one direction or another. It’s the buddy VC—business mentor, recruiter, shoulder to cry on, never more than an email away.
A story in Crain’s sums up the buddy VC phenom nicely: “More than financiers, they are mentors, rabbis and consiglieres, all wrapped up in one.” Read More

