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College baseball, venture capital, and the long maybe

college baseball player. One of the singular aspects of having kids is that they open your eyes to facets of humanity that you might not have seen otherwise.

(As an aside, this is what makes the Varsity Blues scandal ever the more revolting: not only was it crooked and fraudulent, but it made a mockery of the athletes that worked so hard to earn a spot that was in fact sold to a non-athlete.) Raising venture capital, it should be said, has been an absolutely wild experience that (for me) had no real life precedent: an emotional roller coaster in which highest-highs and lowest-lows seem to happen simultaneously. An outgrowth of FOMO and preserving optionality are VC firms that want to "preempt" a fundraise — to write a term sheet for a company that isn’t raising.

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