I’m going to be cynical here. AVC is an established fund with a great track record and can take a moral high road and ask others to do the same. But what if they were 18 months into raising their first fund and still pushing for the first close. Would they be so eager to take that high road?
In my opinion it has been made clear that doing business honestly and with morals will win in the long run. So yes they would have taken "that high road" because, if you want to be cynical, that is the way to make the most money.
The only thing cynical about your comment is the idea that acting in bad faith is more profitable than acting in good faith. I think that our society, especially the financial part of it, knows that now.
Do you have any good examples ? I'd love to believe "doing business honestly and with morals will win in the long run" I am not really seeing it play out in the real world especially when big biz. is concerned.
