Question of the week #20
How many active investments do you like to have at a given moment in time? Because you like to take an active role, is there a limit to how many you can be active in at once?
I do have a few investments that I am not that active in for many reasons. Notice the word not which means I am still active at some level. Some don't need much help, others go in waves, others have moved into a different realm with other rounds of financing and some are not in my backyard.
I do not have a number in my head about how many investments I like to do in a year. I have the flexibility to do a deal when I just think it makes sense. I am definitely hitting a point where I am probably over-extended but I am also about to see many deals move to the next level of capital. My guess is that I will either take a board seat or be more of a consigliere to the entrepreneur instead of being involved as I have been.
There are times that I think I should just hang back for awhile but that never seems to happen. There are times when I know that I have hit the wall but it all seems to work itself out. So is there a limit? Probably but I have not figured out exactly what that limit is. Just when I think I hit a limit, I seem to pull something out of a hat. At one point the hat might be empty but it hasn't happen yet although I might just not know what an empty hat looks like.