Wednesday, July 26, 2006

Jargon watch

Originally uploaded by renaissancechambara.
Calling in rich - When the partner of a business has enough money and doesn't want to work any more they are said to call in rich.

It can be very difficult if the business hasn't succession-planned for the departure.

Generally it refers to the founders of technology companies, but I have known a partner in a hedge fund to do this.

Kudos to A VC.