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Transparency is good for the entrepeneurs, but perhaps not for VCs. It must take a lot of work to prepare an insightful honest answer. A shady answer gets the
by sethjohn 19y ago
Transparency is good for the entrepeneurs, but perhaps not for VCs.
It must take a lot of work to prepare an insightful honest answer. A shady answer gets the entrepeneur out the door without the need for putting together a well-structured argument.
- madanella 19y agoI agree that it takes more work, it also takes more work for entrepreneurs to be transparent, honest and open. It's always easier to hide. At least it will always feel easier and safer. VC's almost unanimously claim that they like what they do because they get to be involved in helping entrepreneurs succeed. I don't doubt that to be true. They could be more helpful with a bit of effort put into providing true, honest feedback to entrepreneurs.