What’s the best way to understand how your VC thinks about your business?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Can The Crowd Be More Patient? – AVC

Internet and mobile product development cycles are measured in months not years. And the capital required to get a product built and into the market is less than $1mm. And the returns, when things work out, can be enormous. Contrast that with biotech. A new drug takes $100mm in capital investment to get to market. And that process can take a decade or more.