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This is simply false. VCs have a network among themselves, but they don't expect founders to be part of it.
by pg 14y ago
This is simply false. VCs have a network among themselves, but they don't expect founders to be part of it.
- j_s 14y agoThere is a huge space between the OP and your response... I think reality varies in-between, particularly outside YC.
- vwoolf 14y agoPeter Thiel thinks VCs are biased against big ideas: http://blakemasters.tumblr.com/post/24122680868/peter-thiels-cs183-startup-class-15-notes-essay http://blakemasters.tumblr.com/post/24122680868/peter-thiels... . (This is in response to the grandparent: "VCs aren't preternaturally biased in favor of lightweight companies, but the people who are doing heavyweight stuff don't have the time to become "real founders.")
- michaelochurch 14y agoI think it's pretty accurate to say that they'll readily fund a band of outsiders if they think the idea's good, but still, they also put out terms that make it easy to take over the company if they don't see the founders as "real founders", "made men", "like us", or however you want to describe that status. Also, here's the difference for real founders vs. the rest of us. Real founders get alternatives put in front of them when their ideas are rejected-- EIR gigs to pay the bills, spots in portfolio companies. The rest of us get zilch; spent months with no income and nothing to show for it. Real Founder social status doesn't mean that bad ideas get funded, but it does mean you don't have to deal with the extreme income risk associated with startups for non-Real Founders-- a risk that stops making sense to take after age 25.
- deleted 14y ago[deleted]
- pg 14y agoNo, the reason experienced founders get better terms from VCs is that have more experience dealing with VCs.