AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Byline: Vyvyan Tenorio
Among the harsh decisions venture capitalists must face these days is when to pull the plug on a portfolio startup.
In many cases, the graceful exit is considered the best option. But it is not one founding entrepreneurs readily accept.
"It's a difficult decision to reach and a difficult decision to execute," acknowledges Bradford Farkas, co-founder and managing partner of i-Hatch Ventures, a New York-based investor in early stage Internet companies.
"You need more control as investors," Farkas said in an interview after speaking to a roomful of executives last week in a New York Venture Group forum. "And you need to be able to convince the management that it's the right decision."
Farkas should know. The 38-year-old former founding partner of Lazard Technology Partners, the venture …