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-“Show me another industry where the way you find your customers is to wait for your friends to introduce them to you,” Mr. Bahat said. Illicit drug industry s
by sprkyco 11y ago
-“Show me another industry where the way you find your customers is to wait for your friends to introduce them to you,” Mr. Bahat said.
Illicit drug industry sounds like one. Am I taking this quote out of context, are startup founders customers of VC's? Did not realize that was the hierarchy if that is the case.
- tedunangst 11y agoThe analogy is imprecise, so it's not clear who the customer in the quote is, but it could also mean VCs are customers of startups. They are seeking to buy opportunity. (Also, one usually gives the sales pitch to the customer, not the other way around.)
- jsprogrammer 11y agoDon't founders pay VC's for services and/or goods rendered?