Portfolio Management: I’m Here if You Need Me

Short Description:
- The approach provides for a clear separation of duties between management and investors/board members. While supportive of the business, the portfolio support is provided upon request and task-based rather than proactive or comprehensive. A belief that may fit will with this approach is that “we work with the best founders/CEOs and we give them the space to grow great businesses”.
Benefits:
- Clarity of roles between management who runs the business and investor who responds to requests but is not in charge or doing
- May attract experienced or highly independent founders who will push through adversity and have a clear sense of what needs to be accomplished.
Trade-offs:
- Less likely to attract founders/CEOs who want to added value from their investors
- May attract founders that have higher need for control that may or may not make it harder for them to work with teams within their company
Examples:
- Perhaps: Founders Fund?