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This almost reads like a parody of the entitled God-complex VC mentality. I wonder how long it will be before people feel some shame advocating for overtly cla
by CPLX 8y ago
This almost reads like a parody of the entitled God-complex VC mentality.
I wonder how long it will be before people feel some shame advocating for overtly classist and exclusionary network-only policies in public at least.
- vincentmarle 8y agoYou can try to shame them but I rather have them being open and honest about it.
- pjc50 8y agoIf you're giving out millions of dollars, you'll drown in spammy suggestions. Filtering it through a personal network is an old, effective way to limit it to those people more likely to be genuine. Which is a shame for the reasons you say - it limits it to the old boys' network.
- kenneth 8y agoGetting into YC is a great way to jump-start your network. Ultimately, having a strong network is key to building a successful venture business. Expecting otherwise is unrealistic. VCs aren't charities. Seed investing is a business with very high quantity and low quality at the top of the funnel. Any investor who tells you they aren't giving more weight to a lead that comes recommended vs. one that doesn't is lying to you. It could be as simple as 5min to review the initial pitch vs. 1min.