I believe the role of a good VC goes far beyond, providing money and the corporate advice that is available from accountants, banks, and other investors. Kernel Capital certainly brought this, more importantly they brought hands on support and real strategic value to ChipSensors. When the board made the decision to sell, it was clear to Silicon Labs that Kernel was prepared to continue to fund. This really strengthened our hand to get an all cash sale. This is where the VC-as-director brings credibility and professionalism to negotiations that are simply impossible for the founders/promoters. Kernel carried out this role superbly.
Tim Cummins, Founder & CEO, ChipSensors