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2x startup Founder & CEO who has gone to the Dark Side of VC. His first company, BuildOnline was sold in 2005, his second, Koral was acquired by and became known as Salesforce Content, while Mark served as VP Product Management. In 2007 Mark joined GRP Partners in 2007 as a General Partner.  He focuses on early-stage technology companies, usually looking at Series A investment, and blogs at the aptly titled Both Sides of the Table.

2 responses to “Is VC too Fat and Happy?”

  1. johnprendergast

    I’ve got to say, this is a great post.

    Your point about firing someone correctly, was spot on. I’ve had the misfortune of having some experience here and the truth, particularly in performance related situations is not only the right thing to do for the company and other employees but its the right thing to do for the affected employee.

    If others in your firm are as clear about management as you, you’re firm is certainly in the “Gets it” category.

    Best regards,
    John Prendergast

  2. Mark Suster

    Thanks, John. I appreciate your comments. I’m going to do a post on it later, but as you know when you fire for performance you do a few favors:
    1. the employee has some lessons that they can reflect upon in their next job. They may not take the comments to heart, but most do. If you don’t give feedback they can’t learn.
    2. As important you set the standard in the company that great people get promoted and poor performers leave. I have found that when I fire based on performance most people who stay come up and thank me. People generally know the other people who aren’t pulling their own weight.

    Thanks again for your kind words.