Nathaniel Harding published a new blog post this week where he shared his thoughts on how venture capital compares to oil and gas. He goes on to explain how funds, capital calls, and other aspects of venture capital relate to drilling programs, pre-paying AFEs, and other elements of O&G.
“The process of raising money means you speak to nearly 10 people for each one who consummates an investment. Because of this, I’ve been doing a lot of explaining, and have become “bilingual” across O&G and tech. There are some similarities — more than many expect — but also some key differences. What follows are my key observations and what could amount to a “cheat sheet” for anyone wanting to take the leap with us,” said Harding.