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The lawsuit's a bit aggressive, but taking a meeting with a VC when you're not fundraising in order to mess with someone else's raise is fairly common.
by gyardley 16y ago
The lawsuit's a bit aggressive, but taking a meeting with a VC when you're not fundraising in order to mess with someone else's raise is fairly common.
- kenjackson 16y agoReally? I had never come across that myself. Are there any stories you can relay yourself or links? Very interesting.
- gyardley 16y agoProbably not in public, no. The next time you get called by a junior analyst at a time when you're not raising and haven't gotten any tech press, it's likely because someone else is raising -- ringing up competitors is a pretty standard part of due diligence. You can sometimes figure out who's out raising just by asking your own investors -- they tend to know what's going on at other firms. Not everyone is sweetness and light in this situation. Really, blocking a competitor from raising is the only reason why you should take the call.
- andrewljohnson 16y agoCitation needed, quantification needed, downvotes needed. This comment needs a lot.
- gyardley 16y agoIf all we did around here was swap back and forth things you could just Google up a cite for, this board wouldn't be good for much, would it? You've been given a piece of information you've never heard before, about behavior that people aren't exactly going to jump out of the woodwork to self-report. You might need to do a little digging of your own to determine whether it's true or not - but then you'll have information you can't just Google for, and that's often the most valuable kind. Or you could just be snarky.
- joshu 16y agoSeriously. This isn't wikipedia. And yes, this happens.