Why Andreessen Horowitz fines late workers

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives.

Description: Venture capitalists Marc Andreessen and Ben Horowitz explain why they fine workers $10 per minute if they are late to a meeting with an entrepreneur.

Source: CNNMoney.com – video report

Date: Feb 06, 2013

Link: http://money.cnn.com/video/technology/2013/02/07/t-andreessen-horowitz-fines.fortune/

Questions for Discussions:

  • What does this policy say about the intended realtionship between the venture capital firm and the entrepreneur seeking funding?
  • Do you think it might create any negative reprecussions?

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