March 08, 2014 at 12:18PM
"the best money [in the beginning] is patient for growth but impatient for profit." #readingToday

We have concluded that the best money during the nascent years of a business is patient for growth but impatient for profit. Our purpose in this chapter is to help corporate executives understand why this type of money tends to facilitate success, and to see how the other category of capital— which is impatient for growth but patient for profit—is likely to condemn innovators to a death march if it is invested at early stages. We also hope this chapter will help those who bankroll new businesses understand the forces that make their money good or bad for nurturing growth.