I caught this post from Fred Wilson on the difference between active and passive investors in Venture Capital and the difficulty in scaling an active approach.

We consider ourselves active investors and commit a great deal of our own resources to each investment. The calculation here is that these activities will better serve our companies in terms of outcomes and better serve our investors in terms of potential returns.

Some people do an amazing job of the passive approach. I do believe that strategy can be made to work but it is not our strategy.