What Greylock looks for in an investment -- Joseph Ansanelli
Greylock Partners raised $1 billion for its 14th fund, making it the largest VC fund of 2013. Partner Joseph Ansanelli sat down with Venture Capital Journal (a peHUB sister publication) in December 2013 to talk about Greylock’s investment strategy. . He said he and his partners “spend a lot of time talking about success. Can this thing be 10 times better than the alternative?” . He also emphasized that venture firms cannot be afraid of failure. “Failure is actually a big big part of the process,” he said. ”We get thousands of business plans sent to us every single year. We invest in tens. Only a few of those actually blossom to become really big and successful companies.” . Read more about Greylock's fundraising here. . Video date: December 2013
