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The other side of Paul Graham's Coin: Ideas on the kind of VC we'd like to get funded by

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Re: The other side of Paul Graham's Coin: Ideas on the kind of VC we'd like to get funded by

#11
I'm not getting it. The relationship needs not be 'chummy'. Certainly you need to have a functional working relationship with an investor, but it's usually always best to keep the personal relationship at an arm's length as they don't have your best interests at heart, and vice versa. If your both lucky you'll always want to travel the same path.

The trick is, (usually) in their contracts they can often do what they want with your precious company (i.e. opt to put it up for sale to break even on their investment X years after the investment), and they won't give a damm that you went to a few ballgames together.

You are both using each other beneficially, often there is a lot of money involved, and they are far better at negotiating investment agreements than you are. I would not complicate that relationship anymore than it has to be.

Re: The other side of Paul Graham's Coin: Ideas on the kind of VC we'd like to get funded by

#12
I think this poster is somewhat Naive.

It ones thing to sell your vision and philosophy to a VC. But to ask them to be fun, principled, and the whole firm thing...

"I'd like to be able to walk into my VC's office and have just about anyone there be interested in talking to me--and not have to feel like I'm waiting for just one person."

It sounds more like hes looking for someone to pat him on the back then an investor.

The VCs job is to get a return on his investment and in the process help you get to that position. At the end of the day its about business regardless if your "vision" and "passion" is about helping people find their calling or whatever his intentions are.

How about a list of things you'd expect from a VC in terms of the business, not personality or character? The only one I saw was "knowledge in our market".

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