I have been a critic from the start. In part as a result of my experience with them over a number of years, having had dealings with a number of the investees and the fact the model does not work.
The removal of the former CEO and shake up of the board bought some hope but the Chair has in my view shown he is out of touch with the industry and the current CEO appears to be as big a bully as the last guy.
Venture is about people and these guys cannot relate to the people they are dealing with.
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