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Both are good reasons to avoid such toxic people. VC's especially.
by nakedrobot2 4y ago
Both are good reasons to avoid such toxic people. VC's especially.
- sicp-enjoyer 4y agoI think courting VCs already involves sacrificing your pride and doing a song and dance. Why not do a small easy thing to help close the sale?
- NickC25 4y agoBecause a VC that is more concerned with the type of phone you use than your product/service/company is probably a VC you should stay away from. Imagine explaining to investors in your VC - "You know that XYZ company that just IPO'd for several billion dollars? Yeah I passed on their series A because the founder didn't have an iPhone despite the business itself being really solid". If I was an investor in that VC I'd sue the partners into the ground over such trivial bullshit.
- sicp-enjoyer 4y agoI completely agree with the sentiment, but i'm sure deals are made on less trivial factors all the time. They just aren't explicitly stated.
- NickC25 4y agoYeah, but the whole point is that if it IS explicitly stated or even implied, then the whole concept of a VC's fiduciary duty to its investors gets thrown out the window because of some partner's personal biases that have no impact on a given company or product. That's unethical and dubious at best, and illegal or outright fraud at worst. All because someone didn't like that someone else was using a different kind of phone. That's nuts if you think about it.
- yamazakiwi 4y agoIf a VC finds importance in a specific song and dance you find silly, I would take that as a signal of their market and technology understanding. Some topics can be deal breakers, you don't have to marry the first VC you talk to, or court them all.