Sometimes, just walking away from an investment is not an option for VCs

As described in a previous column (“Recession makes finishing the race harder,” Nov. 23, 2009), investing in fast-growth companies is like race-car driving. In this analogy, the entrepreneur is the driver, while the investor puts some gas in the car, jumps into the passenger seat to help avoid road bumps and provides some direction to find the fastest path to the shared destination. Driving on the highway that is the venture capital business, one sees a lot of crashes and breakdowns, ever in search of the best exit.More

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