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Agreed. The main problem is you can lie and game the VC's. "It's called future-selling and everyone does it", a biz-guy once told me. It's not a lie, we are "ha
by louprado 11y ago
Agreed. The main problem is you can lie and game the VC's. "It's called future-selling and everyone does it", a biz-guy once told me. It's not a lie, we are "hacking the interview". Coders like hacking, right ? You see, just rebrand "lies", muddle the context and now your type-A biz co-founder can say anything while his engineer co-founder sits their quietly wondering if this really is normal. I've also heard "I'll stop doing that if it makes you uncomfortable" but once it is part of a person's personality, it can become pathological. They don't even know when they are acting this way.
The disconnect comes from engineering environments where there is no Alpha and Beta mindset, only varying degrees of competence. Trust your instincts and conscience. The VC only has a limited time for due-diligence.
- nickpsecurity 11y agoThis is a great article on that which calls it "investor storytime:" http://www.theatlantic.com/technology/archive/2014/08/advertising-is-the-internets-original-sin/376041/ http://www.theatlantic.com/technology/archive/2014/08/advert... I still agree with MCRed's points. Just, as you said, have to watch out for the games people are playing that seem to be working for whatever reason. Note: There was another link I had about one company getting crazy valuations where author showed they're basically telling investors what they want to hear. It broke down the tactics then showed they work too often. Can't find the link.