Success Has A Thousand Fathers
Back in the early days of AVC, I did a thing called VC Cliche Of The Week. There was an RSS feed of all of them powered by Delicious, but it is broken and most likely can't be fixed. You can find some of them on gawk.it.
One of the cliches I posted about is "success has a thousand fathers." I thought I would re-run that post. Here it is.
You can count on it – when a deal works out spectacularly everyone involved will take credit for it.
This behavior is particularly annoying to the entrepreneurs who put the sweat, blood, and tears into the Company.
They watch the VCs take credit for the big success and it grates on them.
I have a couple rules that I try very hard to live by in this regard:
1- the management team always gets the credit. VCs don't do the dirty work and should not get the accolades when things work out.
2 – don't gloat. it's not becoming. humility in times of great success is a very becoming characteristic.
But it's really hard to follow these rules when things work out well. Because success doesn't come that often, and when it does, it has a thousand fathers.