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This may sound sobering, but $10M is nothing to VCs that have billions of dollars to throw around. So, they see a young attractive female founder, and may think
by andersoncooper 11y ago
This may sound sobering, but $10M is nothing to VCs that have billions of dollars to throw around. So, they see a young attractive female founder, and may think "what the hell, at the very least we can use uBeam as an example of diversity in the companies we fund" or even more cynically, an attractive face at their annual parties. It's nothing to them.
- arbuge 11y agoI know of no long-term successful VC that thinks this way. None. Zero. Few have billion dollar funds to begin with by the way. Only an elite group of top tier VCs command that kind of capital and you should be prepared to be thoroughly grilled in due diligence if you want to raise money from those guys.
- hodgesrm 11y agoThat's not how it works at least in my experience. Real VCs are investing not just money but time. That's why they dump bad investments so quickly--bad ones take away time from the investments that might work out. Also, VCs are comp'ed on outcomes. Folks that don't deliver do not last very long.