---
title: "Partnership Notes"
url: https://reddsvip.com/category/partnership-notes/
description: "Entries filed under Partnership Notes on the REDDS Venture Investment Partners weblog."
---

# Partnership Notes

Entries filed under Partnership Notes.

## July 18, 2017

### [Alignment Before Valuation](https://reddsvip.com/2017/07/18/alignment-before-valuation/)

Price is the loudest part of a negotiation and rarely the most important. A financing sets the terms of a relationship that will outlast the memory of its valuation.

[(more…)](https://reddsvip.com/2017/07/18/alignment-before-valuation/)

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## January 24, 2017

### [What a Board Seat Obligates](https://reddsvip.com/2017/01/24/what-a-board-seat-obligates/)

A board seat is often described as a right won in a financing. It is better understood as a duty assumed.

[(more…)](https://reddsvip.com/2017/01/24/what-a-board-seat-obligates/)

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## November 8, 2016

### [Diligence Is Mostly Listening](https://reddsvip.com/2016/11/08/diligence-is-mostly-listening/)

Due diligence produces documents, but its substance is conversation. Customers, former colleagues and the founders themselves will say most of what needs to be known, provided someone is listening rather than confirming.

[(more…)](https://reddsvip.com/2016/11/08/diligence-is-mostly-listening/)

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## August 16, 2016

### [The Difference Between Funding and Partnership](https://reddsvip.com/2016/08/16/the-difference-between-funding-and-partnership/)

Capital is the commodity in venture investing. On the day the wire clears, money from one source is identical to money from another.

[(more…)](https://reddsvip.com/2016/08/16/the-difference-between-funding-and-partnership/)

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## July 26, 2016

### [Great Partners Create Great Returns](https://reddsvip.com/2016/07/26/great-partners-create-great-returns/)

The line above this page is a working standard, not a slogan. Returns in venture investing are created inside companies, by the people who build them and the partners who back them, long before any fund reports them.

[(more…)](https://reddsvip.com/2016/07/26/great-partners-create-great-returns/)

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