"...which is also when many VCs get back from their August vacations (sad but true!)."
What is sad here? Being Swede,my initial reaction was "ok, late summer vacation".
"...which is also when many VCs get back from their August vacations (sad but true!)."
What is sad here? Being Swede,my initial reaction was "ok, late summer vacation".
It is useful background knowledge here that American professionals culturally expect less vacation total than European professionals do (the norm is ~2 weeks) and expect it to be largely non-contiguous with the exception of the end-of-the-year holiday season.
The exception would be big tech companies where it's not unusual to see employees at all levels take 3 to 4 weeks vacations in the summer* , especially foreigners since they want to spend time to visit their families, and depending on their country of origin, were used to 7-8 weeks.
(* not every summer)
I interpreted it as a comment on the fact that VCs will pass on funding if it doesn't fit into their schedule