Cambridge Cluster

Image via WikipediaAlan Hansen writes about Roy Keane and says that “I guess, like Paul Ince at Blackburn and even Gianfranco Zola at West Ham, Keane is beginning to understand that if you’ve played at any of the top clubs you have to realise that the players you manage will not be as good as you and they might not have the same hunger and desire”.

The same can be said of entrepreneurs in the Cambridge Cluster.  It is nice to be modest and talk about luck but some of these founders do not want to do the hard yards.  In one of my angel investment companies, another of the founders has just decided to make a “career change”.

Bet if he had made the business hum, there would be no moving on.  Bet he keeps his shares so we now have nearly one third of the equity lost to two quitters.  No wonder the VCs tie in the equity to results when they use their business plan resource.