4 ms·
I'm surprised that people don't get it. I guess it's easy to think that the system is fair if you're on the receiving end of VC funding. My experience of appro
by applepple 6y ago
I'm surprised that people don't get it. I guess it's easy to think that the system is fair if you're on the receiving end of VC funding.
My experience of approaching VCs for funding is that they always say no. No matter how hard you persist, no matter how good the tech is, how good the team is or how much traction the product has or how big the opportunity is. It doesn't matter if you've accomplished the impossible. It's been easier for me to convince really talented engineers to work on my project for free for over 1 year than to convince a VC to invest even $10K in my project... That's how bad it is.
They will not only not fund me, they will fund my competitors (who will fail of course and be acqui-hired). The only things that matter at all are social connections; who you are, who your family is, where you are born. Success is a lottery and skill has nothing to do with it. It's just like if you're born in communism, you need to be friends with prominent communist party members if you want any chance of success. Nothing else matters at all. Skill is meaningless in a communist society.
- deleted 6y ago[deleted]
- n4r9 6y agoI'm sorry that you've had bad experiences with VC's, but that's all I'm really able to take from your post.