what is the "meeting scheduled on Monday clue"?
partner meeting
Three of our worst VC stories
21–30 of 170 posts
Re: Three of our worst VC stories
#22All I ever hear are horror stories. Can someone tell me a good story about VC that isn't Facebook or something?
The best possible case is that you get a cash infusion now in exchange for giving up a huge percentage of your future revenue and control of the company.
Re: Three of our worst VC stories
#23#3 is insane, if for no other reason than the VC is signaling that he’s likely going to try and do the same thing to you some day… even if you were totally willing to screw over your team, why would you ever get involved with that VC given you’ll then have to watch your back until the end of time?
Because rich and powerful people also have massive egos to go with their power and money. Some of them will find your rejection a personal attack and try to actively sabotage you. Not all VCs are like that, but there are enough of them that you need to be careful about how you handle the situation.
Re: Three of our worst VC stories
#24All I ever hear are horror stories. Can someone tell me a good story about VC that isn't Facebook or something?
i raised twice from USV. class acts all around. too many stories to count, but they always had my back.
Re: Three of our worst VC stories
#25All I ever hear are horror stories. Can someone tell me a good story about VC that isn't Facebook or something?
As with all things, the horror stories just get the most attention. People love to rage. There are plenty of boring (good, even!) VCs out there. They just work more quietly, professionally. I'll share a story, but its about a close friend and not me so I won't name any explicit actors and I'm going to round out the numbers. You either trust me or you don't, but this is a very direct relationship I have to both the fo…
This is awesome!
Re: Three of our worst VC stories
#26#3 is insane, if for no other reason than the VC is signaling that he’s likely going to try and do the same thing to you some day… even if you were totally willing to screw over your team, why would you ever get involved with that VC given you’ll then have to watch your back until the end of time?
Because if you get involved with most VCs, you will then have to watch your back until the end of time.
None of those "worst experiences" seem all that unusual to me (though nobody will say #1 out loud anymore until after they've invested), and #3 is completely in character for Vinod.
Re: Three of our worst VC stories
#27#3 is insane, if for no other reason than the VC is signaling that he’s likely going to try and do the same thing to you some day… even if you were totally willing to screw over your team, why would you ever get involved with that VC given you’ll then have to watch your back until the end of time?
omfg that’s the beach access guy
Re: Three of our worst VC stories
#28These VC stories continue to feed my incredulity at how people _that_ incompetent can still be _that_ wealthy. Is it the money that makes them stupid or smth?
Getting extreme wealth is more so about luck in various forms than competence/intelligence. If it were just about the latter everyone who's intelligent/competent would be rich. You don't hear about boring wealthy people either.
Re: Three of our worst VC stories
#29All I ever hear are horror stories. Can someone tell me a good story about VC that isn't Facebook or something?
I believe Eric Vishria is the best Series A board member of this generation. I've learned more from him about it what it means to be a great CEO over the last 10 years than anyone else. I haven't heard of another founder who has spoken as highly as their Series A investor.
I've been meaning to write up my story with him. Now is a great time with all the horror stories on others that have been coming out.
He sticks through his companies for over a decade, which is rare in this business: https://x.com/ericvishria/status/2051459386372149506
Re: Three of our worst VC stories
#30The first I heard of Cloudflare was a recommendation from someone who used to DDoS websites (and yes they've been arrested for related crimes, long story), and I thought "what the heck is Cloudflare" then over the coming years, I kept seeing other friends using it. It's really interesting that Cloudflare was able to pop into a market that Akamai could have snagged for themselves or outright tried to buy out Cloudflar…
And as someone who briefly had to interact with Akamai, the deficiencies in their product are not even close to subtle.