[via Jeff Bussgang]

Again, a great post on Seeing the both sides about the difference of the perception of time between a VC and an entrepreneur.

When friends ask me what the biggest change has been in transitioning from sitting in the entrepreneur’s seat to the VC’s seat, I often think of the profound difference in the way entrepreneurs and VCs look at that all important dimension of time.

When you’re an entrepreneur, time is your enemy. You need to solve the problem of “simultaneity” – hire the team, build the product, raise money and close deals – all in parallel.

When you’re a VC, you have a very different relationship with time. VCs seem to love the passage of time. When you’re evaluating a deal, more time means more information.