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If you read the piece, you can see that we were actually approached by investors in a bunch of geographies - SF, the Valley, Boston, NYC, even San Diego. We end
by randfish 15y ago
If you read the piece, you can see that we were actually approached by investors in a bunch of geographies - SF, the Valley, Boston, NYC, even San Diego. We ended up signing something with a firm in NY, but were not geographically biased in accepting inbound interest.
- rdl 15y agoI read the piece and was aware you were receiving inbound interest, but there seemed to be a lot of time invested with the NY VC. Outside of a few excellent firms (mainly seed), all the bad behavior I've ever heard about from VCs has been from NYC and Boston ("east coast") VCs. This was mainly in the 2001-2005 period, but they were at the forefront of really anti-company terms like huge multiple participating pref, walking out on signed term sheets, etc. (USV and Founder Collective are amazing, even more so because they're starkly in contrast with this).