A VC in Vacationland

One of the frustrating problems VC's face is the entrepreneur who sets unrealistic deadlines. Whether its a business plan revision to evaluate, a monthly update on the company, or legal docs for signature, I seem to be always chasing people who promised them to me weeks ago.

I realize that entrepreneurs have a lot more to worry about than these thing–building the business, keeping customers happy, developing the next insane app, etc. Making a company successful involves a lot more mundane stuff, like making sure you are following all regulations. What worries me is that entrepreneurs that are ignoring me may not be paying enough attention to their employees, customers and other investors.

So, under promise and over deliver on deadlines, please. It makes your board and advisers more comfortable with progress and your investors able to update their LP's on-time.