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Yeah, I was kind of shocked at the level of entitlement displayed here. Pitching VC's is just like any other sales process, and its not uncommon to have a low h
by solaarphunk 9y ago
Yeah, I was kind of shocked at the level of entitlement displayed here. Pitching VC's is just like any other sales process, and its not uncommon to have a low hit rate, even if you have a good idea.
Shocker: most VC's will have a very different conversation with you if you've put a little time into building the relationship before you ask them for money!
Most VC's success stories go something like "oh yeah, I met this crazy person, and they just kept at it, and at some point I was convinced and put money in! Now its AirBnB!"
- rmason 9y agoAirBnB couldn't convince Fred Wilson of Union Square Ventures to invest in two attempts and despite PG pleading with him. Most of their early success was in NYC yet that didn't stop Sequoia from funding them. Now Wilson keeps a box of their "Cap'n McCains" cereal in the board room to remind him.