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Don't believe the hype. VCs pretend you need to work and angle your way into meeting them and it's just a lie in my experience. I (founder of pretty modest star
by threedots 7y ago
Don't believe the hype. VCs pretend you need to work and angle your way into meeting them and it's just a lie in my experience. I (founder of pretty modest start up) get unsolicited emails from VCs literally almost every day - many of whom unironically insist on warm intros themselves.
VCs want you to believe this narrative because it means you start from a much weaker negotiating position and it restricts deal flow to entrenched firms.
- eaenki 7y agoThis hasn’t been the case in my experience. I previously started a company in crypto in early 2017(so as hot as it gets), gained traction, and received literally just one organic VC inquiry. Ditto with my current insurtech company. I’m curious, how do they find you? I would imagine something like that would happen if some other prestigious firm invested previously and it shows up on crunchbase
- threedots 7y agoI don't have a great answer for you. Usually they just hear about us or (less often) read about us. We do have a bit of previous so it's possible people know about us from things we've done before (though to be clear it's nothing super crazy). And while we don't spend much time with VCs, if we can possibly help it, we do spend a bunch of time with other founders, many of whom are VC funded.
- badcede 7y agoWhich VCs? Likely not very good ones.