Jargon watch: Calling in rich


Capture
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.