One of the scariest phrases/clichéI hear in board meetings and conversations among VCs is .we need a suit to run this company. or its cousin .we need a suit to take this company public.. It is so scary because so many suits are empty.
All it takes is one company destroyed by an empty suit to make you realize that it.s what is in the head and the heart that matters not what kind of clothes the person wears.
This guy (Fred Wilson from FlatIron Partners in NYC) is my new hero. It doesn’t hurt that they are an investor in what might actually save broadcast radio, HD (Digital) Radio. That, and he specifically mentions facial hair, something near and dear to my chin, in his list of things cliche VCs don’t want to find on people running companies.