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I was surprise to read that you shouldn't tell VCs about "Other investors you are talking to". Although I've never approached VCs, I can imagine that the quotat
by richardburton 17y ago
I was surprise to read that you shouldn't tell VCs about "Other investors you are talking to". Although I've never approached VCs, I can imagine that the quotation below is pretty close to reality:
"(VCs are like high school girls: they're acutely aware of their position in the VC pecking order, and their interest in a company is a function of the interest other VCs show in it.)"
http://www.paulgraham.com/startupfunding.html http://www.paulgraham.com/startupfunding.html
If you let them know that lots of hot, cheerleader-VCs think you're kind of cute then that has got to help your chances of picking up.
- zaidf 17y agoIf you let them know that lots of hot, cheerleader-VCs think you're kind of cute Usually if that is the case, you shouldn't have to tell them. They'll know. That aside, I thought the article was aimed at the other 90% of startups that don't have VCs knocking their doors. In those situations, I think it helps to be careful about what information you give out.