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I think you give VCs too much credit for being good at being bad. In my experience it's more that many VCs are just mediocre at their job, much like any other f
by yesimahuman 12y ago
I think you give VCs too much credit for being good at being bad. In my experience it's more that many VCs are just mediocre at their job, much like any other field. I think the great ones don't really fall into some of these traps, but their associates and junior partners do.
As an example, I recently had a VC continuously email me for months which I ignored (mainly because I knew we weren't a fit and didn't want to waste either side's time), only to set up a meeting and have them blow me off. I found it pretty funny.
The reality is there are a lot of companies on the radar for these firms, and it's a lot of work to individually vet each one. They are only human, and I would just try not to take it personally and keep on kicking ass.
This is why it takes even great startups months to fundraise. All we hear about in the news are the rare super-hot startups which skew our perception of the fundraising game. The reality is fundraising sucks for most startups and you just described why (not that they can't improve though).