Well connected individuals flipping over-valued companies to large corporations who have more capital than they know what to do with.
Wake me up when VCs choose to fund companies that seek something other than validation and profit.
Wake me up when VCs choose to fund companies that seek something other than validation and profit.
In fact, every VC is different, every VC has their own ideas of what companies are good to fund and which they'd rather pass on.
So, right now there are VCs that will not fund companies that do not have a clear idea of how they're going to become profitable.
Terrible but true. You will literally see vc look at the other VC and do exactly what they're doing.
You can literally create your own VC market by making VC A think that VC B is interested, which is true, because VC B is interested in anything that VC A is interested in.
Do you run your own company?
Do you have employees?
Co-founders?
Have you ever received funding from a VC?
Have you ever solicited funding?
Were you accepted?
Rejected?
going through this process now - and I can tell you, if I fucked up with one VC I would fuck up with them all. everyone talks.
On the flip side, when you're hot everyone wants you, you don't have enough equity to sell to everyone!
And on another note, ask a VC if they reject you why they reject you, there really is a huge difference in the spectrum of available parties to work with, from assholes to fantastic people to work with and everything in between, make sure you partner with a group that feels right rather than just looking at the terms sheet. That's where the action is of course but sometimes it is better not to have a deal than to have a deal with the wrong party.