4 ms·
I'm not a VC. 1. Not all startups/business can be venture backed. Venture backed startups are expected to have 10x returns within 5-8 years of financing and sw
by dm8 12y ago
I'm not a VC.
1. Not all startups/business can be venture backed. Venture backed startups are expected to have 10x returns within 5-8 years of financing and swing for fences.
2. If you kill warm introductions then how are they going to do screening? There is so much noise that it's humanely impossible for institutional investors find right kind of signal (i.e. venture backed businesses)
3. Financing is hard in every situation. Be it mortgage for your house or financing your startup.
4. If you build something successful and fits into the definition of venture backed business, they will come.
5. Accelerators YC/Techstars/Angelpad successfully hacked this warm introductions problem by inviting everyone to apply. These accelerators will make warm introductions for you.