Why VCs Really Reject Startups 217
Posted
by
timothy
from the busy-taking-notes-for-friends dept.
from the busy-taking-notes-for-friends dept.
itwbennett writes "Instead of simply not following up with startup proposals that he doesn't intend to pursue, venture capitalist Josh Breinlinger decided to change things up and not only hear every pitch request but respond with honest feedback. For those on the receiving end of that honest feedback, Breinlinger's silence may have been golden. It turns out that Breinlinger, and perhaps most VCs, reject your proposals because you lack experience and leadership skills and your team is weak. Would you rather hear the hard truth about why your startup didn't get funded or some vague dismissal?"
Re:Hard truth (Score:5, Funny)
I should've added, it reminds me very much of this:
http://www.youtube.com/watch?v=u6gZ4vk_Tw4 [youtube.com]
Which is a conversation I've had more than once with only minor variation.
Re:Hard truth (Score:5, Funny)
I remember when I thought things could be boiled down to a meaningless three-word sentence. Then I turned 6.