4 ms·
I think it would be helpful to other entrepreneurs here if you could name and shame
by triplesec 9y ago
I think it would be helpful to other entrepreneurs here if you could name and shame
- mstaoru 9y agoI think the whole story is not as simple. First of all, it happened in China, the country with vastly different cultural mentality. "36 stratagems" are fully alive and kicking here. People in businesses here lie, cheat and deceive because it's considered to be market acumen and cleverness. The fund behind the accelerator made a right decision in the cultural context: to improve the position of their own "family" using every available material. Bad faith? What bad faith? I bet they won't even understand what they did wrong when confronted. So I generally avoid any contact with Chinese funds unless absolutely necessary. We've had our own little revenge though. The competitor is funded well but has a very weak technical team. We used numerous holes in their systems to obtain critical data about their business. Shall we use it or not is another moral question, but it gave us great insights and let us adjust our strategy without spending our own or VC's money and time on getting to know it.
- philipodonnell 9y agoI wish they would. This is like being in a group of friends and you're talking about potential romantic partners and one keeps vaguely alluding to a negative experience with someone but not actually being helpful.