Building a diverse investor base is important from "summary" of Mastering the VC Game by Jeffrey Bussgang
Having a diverse investor base is crucial for a startup as it not only brings in different perspectives but also provides a wider network of contacts and resources. When a company has investors from various backgrounds and industries, it can benefit from their unique insights and experiences, leading to better decision-making and problem-solving. Moreover, having a diverse group of investors can help mitigate risks, as different investors may have varying risk appetites and investment strategies. This can provide a more stable financial foundation for the company...
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