It never ceases to amaze me how strong and slow decaying venture firm brands are.
seems to be incredibly slow decay, and then sudden, monumental, falloff. won't name names, but you saw a very similar pattern with firms slowly aging and then suddenly having 6-7 partners leave before the brand is confirmed weakened
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Agreed on this point. The difficult part is being "on the inside" and knowing that decay is happening slightly more linearly in real-time vs. the more public, sudden monumental falloff.
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what's fascinating is how the "breaking point" moments are entirely emergent/unplanned. even if everyone on the inside knows that things are in decay, the rapid partner shedding are relatively tightly clustered and not at all coordinated.
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Same is true on the way up. “Gradually then suddenly” like the Hemingway quote
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