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I think it's really positive that these companies / networks open themselves for startups, still it would be better if they would try to change their companies
by ThePhysicist 7y ago
I think it's really positive that these companies / networks open themselves for startups, still it would be better if they would try to change their companies so that all startups have a fair chance to work with them. This would be beneficial to them as they would have a larger sample to choose partners from. Right now these VCs present maybe 50-100 companies to them (LaFamigila for example has 34 investments as of now, I think), which is still a very biased and restricted sample, so they are almost surely missing out on some great innovation opportunities.
Doing B2B sales to large enterprises in Germany I found that it takes a lot of side channels & social engineering to sell into large organizations as a startup. Maybe this is just part of the "game" but I can't stop thinking that those companies miss out on so much innovation because they simply don't have good processes in place to systematically and fairly build relationships with small, innovative tech companies.
Founders from different regions, how is your experience with this?
- kfk 7y agoThe thing with big companies is that you have to fit in whatever reality they are telling themselves in that moment. Then you need big credibility points to give them a way to say you were the best at xyz, pity that you failed. They care 0 about innovation, unless they are telling themselves they need it but even then it’s likely to require the small startup to have accumulated a lot of credibility first.