> And I see the flip side, people that are past the age of 50 [...] are not capable of creating compelling social products. This tells me everything I need to know about this ass monkey.
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VCs are liars. And so am I.
21–30 of 102 posts
Re: VCs are liars. And so am I.
#22Earlier quoted context omitted.
You write and think like a cocky 13 year old.
But yet you couldn't even check basic facts like this guy has karma above 3,800 for over 4 years, +500 linkedin connections, tons of software engineering experience, and 19 job recommendations [1]. Sure; he writes and thinks like a kid. Let me ignore him! [1] http://phillip.onlinked.in/
Quote: "
I'd talk to the OP again, after I make it bigtime and roll up in the Maserati, with a 6' tall, red-headed supermodel with a Scottish accent on my arm... and I'd say "fuck you, dude" and then buy a round of beers and sit back and laugh about the whole thing."
He might be a professional success but based on this sample size, yeah, writes and thinks like a cocky 13yo until proven otherwise. No offense intended to anyone, of course.
Maybe it was satire.
Re: VCs are liars. And so am I.
#23Why VCs judge people:
1. The team/people do matter
2. They aren't smart/knowledgeable* enough to truly evaluate the merits, weaknesses, etc. of a pitch, so they use people as a proxy.
* smart/knowledgable are used here loosely to encompass the wide range of reasons why a VC might judge an idea poorlyRe: VCs are liars. And so am I.
#24Dear OP:
You always say the team is important. I couldn't agree with you more.
The Team is important not only in the startup, but also in the group of people that make up your investors. Thus, given that we've decided your team is not strong enough to be investors in our company we're going to pass.
In the future, it might be wise to hire partners who are not biased based on age, or prone to making decisions based on irrational conjecture (such as a presenter in an important meeting being nervous.) Also, be aware that one of the signs that a VC firm is not going to be a reliable partner is a pattern of cargo-cult investing. Just because Instagram just got sold for $1B does not mean you should be investing in every social-mobile-location-picture sharing startup (not run by anyone over 50, of course!) The best opportunities, by definition, are the ones with a novel approach.
Thank you for your time, and if you should have a major turnover in partners, feel free to contact us again in the future.
Signed-
Startup Founder
Re: VCs are liars. And so am I.
#25Earlier quoted context omitted.
You write and think like a cocky 13 year old.
But yet you couldn't even check basic facts like this guy has karma above 3,800 for over 4 years, +500 linkedin connections, tons of software engineering experience, and 19 job recommendations [1]. Sure; he writes and thinks like a kid. Let me ignore him! [1] http://phillip.onlinked.in/
I don't really have time to research everybody on HN.
Especially people who write like a cocky 13 year old.
N.B. This is far from my first account. Also, bringing out the 'tenure' argument is pretty old/lame. I was seeing that crap on Usenet and EFNet over a decade ago. Grow up.
People are accountable for what they do and say regardless of their track-record.
P.S. What makes it even funnier is that he's a consultant and he's only living up to the stereotype of greedy consultants. Outrageously comical.
Re: VCs are liars. And so am I.
#26Feh, just be honest with people. If they get defensive, they get defensive, so what? I'd love to hear you tell me "I just don't think you have what it takes," as that's just going to pour fuel on my fire and motivate me to work that much harder just to spite you. I love negative feedback like that... fuck all ya'll, because when I'm running a billion dollar company and rocking up to your shitty office in my Maserati…
That is properly why YCs rejection letter are so nice. Otherwise too many people would get that bit of extra fuck you moral boost (and as PG keeps pointing, start ups are run on morale).
Re: VCs are liars. And so am I.
#27Feh, just be honest with people. If they get defensive, they get defensive, so what? I'd love to hear you tell me "I just don't think you have what it takes," as that's just going to pour fuel on my fire and motivate me to work that much harder just to spite you. I love negative feedback like that... fuck all ya'll, because when I'm running a billion dollar company and rocking up to your shitty office in my Maserati…
Telling people like you your faults is like talking to a brick wall. Why bother? I don't blame them for lying.
Re: VCs are liars. And so am I.
#28> And I see the flip side, people that are past the age of 50 [...] are not capable of creating compelling social products. This tells me everything I need to know about this ass monkey.
What does it tell you? I am trying to understand what you mean. Do you believe every person the author met over the age of 50 is in fact capable of building compelling social products, and that the author has misjudged them?
Re: VCs are liars. And so am I.
#29Feh, just be honest with people. If they get defensive, they get defensive, so what? I'd love to hear you tell me "I just don't think you have what it takes," as that's just going to pour fuel on my fire and motivate me to work that much harder just to spite you. I love negative feedback like that... fuck all ya'll, because when I'm running a billion dollar company and rocking up to your shitty office in my Maserati…
btw, I love being proven wrong as well. It gives me incredibly important data. I always reflect on past decisions, good and bad. It helps minimize the bad ones and maximize the good ones.
Heh... hopefully you got the spirit of my reply, unlike some people in this thread.
Re: VCs are liars. And so am I.
#30Dear OP: You always say the team is important. I couldn't agree with you more. The Team is important not only in the startup, but also in the group of people that make up your investors. Thus, given that we've decided your team is not strong enough to be investors in our company we're going to pass. In the future, it might be wise to hire partners who are not biased based on age, or prone to making decisions based on…
Right, because every startup is Worth It (TM l'Oreal). :P
Of course, you're also right - I don't think this guy is a very effective VC at this point. Some of his points seemed completely disconnected. But a person hand-waving or getting nervous on an important topic is a great flag to look for, don't you think?