Blitzscaling only works for a tiny number of companies — and for most it can be harmful. CVC investors know this and take a better approach.

In a past life, at the height of the dot-com era, I ran a venture fund. We had $200m in capital, made 27 investments, and, despite our inexperience, achieved five exits.
I therefore know first-hand the unintentional damage that VCs can do to their portfolio companies. This manifests by pushing relentlessly for maximum growth with the promise of huge capital raises at dazzling valuations in future...

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