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One minor thing I'd pick out of this rant is your exasperation at the fact that VCs did not respond favorably to being cold-pitched. One thing you need to unde
by davidhansen 15y ago
One minor thing I'd pick out of this rant is your exasperation at the fact that VCs did not respond favorably to being cold-pitched.
One thing you need to understand is that VC is a networking game, not a capital allocation game. You will get nowhere without access to a couple of trusted connections. Your idea, team, market, traction, revenue, and earnings mean absolutely nothing without "knowing a guy who knows a guy".
- mittermayr 15y agothing was, i had a prototype and all that, my own money and I figured i can skip the first part of funding and go straight to VC, which sounded like a plan back then, but now makes absolutely no sense anymore. much more interested in business angels and people who can help refine... learned a lot right there... thanks for the comment!