4 ms·

The truth about raising VC money is that it's mostly about deception. If you don't deceive, other people who engage in deception will be funded instead of you.

by max_ 2y ago

The truth about raising VC money is that it's mostly about deception. If you don't deceive, other people who engage in deception will be funded instead of you. Alot of VCs actually admit to this indirectly. They say for example the role of a pitch deck is to "Get the VC excited". If you talk about real, boring numbers? (early stage businesses must have boring numbers or they are actually not "early stage". How can you make millions of dollars and continue to call yourself "early stage") you will be ignored. It's about like dating. If a woman wants to get attention from men. A rational man would look for features like trust worthiness, commitment, love, he cooking skills etc. But women know that to get most men's attention it's usually about having a fake silicone butt, fake exposed cleavages, fake pouty lips, fake hair and make up. Deceptive women definitely get more attention from men than natural undeceptive women. We shouldn't be surprised that in VC investors are biased to fall for deception from fraudulent start-up founders. Instead of real founders that don't have Juicy metrics.

JumpCrisscross 2y ago
> Alot of VCs actually admit to this indirectly Did they say this at a secret VC party? Or did you hear someone praising chutzpah and hear that as fraud?
- max_ 2y ago
  They said it on a podcast. I have even read documents on blogs by law firms close to VCs & tech firms that describe pitch decks as a "hook" — as in like the bait used to catch a fish.
  - JumpCrisscross 2y ago
    > They said it on a podcast Let me guess, All In? They make money on eyeballs. Their job is to be provocative, irrespective of the truth (or their track records in VC). > describe pitch decks as a "hook" — as in like the bait used to catch a fish “Hooking” customers is a common sales analogy. Particular when you’re playing a numbers game, where the individual characteristics matter less than the yield. Like in fishing.
    - max_ 2y ago
      The blog posts was not about customers. It was about how to bait VCs using a pitch deck.
      - JumpCrisscross 2y ago
        > It was about how to bait VCs using a pitch deck Yes. It's still a sale. There are seminars on how to 'hook' donors as a non-profit. This is common language easily surfaceable with some light searching.
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by max_ 2y ago

JumpCrisscross 2y ago

> Alot of VCs actually admit to this indirectly Did they say this at a secret VC party? Or did you hear someone praising chutzpah and hear that as fraud?

max_ 2y ago
They said it on a podcast. I have even read documents on blogs by law firms close to VCs & tech firms that describe pitch decks as a "hook" — as in like the bait used to catch a fish.
- JumpCrisscross 2y ago
  > They said it on a podcast Let me guess, All In? They make money on eyeballs. Their job is to be provocative, irrespective of the truth (or their track records in VC). > describe pitch decks as a "hook" — as in like the bait used to catch a fish “Hooking” customers is a common sales analogy. Particular when you’re playing a numbers game, where the individual characteristics matter less than the yield. Like in fishing.
  - max_ 2y ago
    The blog posts was not about customers. It was about how to bait VCs using a pitch deck.
    - JumpCrisscross 2y ago
      > It was about how to bait VCs using a pitch deck Yes. It's still a sale. There are seminars on how to 'hook' donors as a non-profit. This is common language easily surfaceable with some light searching.

deleted 2y ago

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