Ask YC: Is it okay to tell VCs who else you're talking to?

Re:Ask YC: Is it okay to tell VCs who else you're talking to? by pg on Saturday May 03, 2008 @01:42PM (#180338)

Never simply give them a list of names. But if you're starting to get serious interest from some VCs, you can convey this in various vague ways to other VCs to make them interested.

(Never try to fake this. VCs have a lot more practice detecting such lies than you have making them.)

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Re:Ask YC: Is it okay to tell VCs who else you're talking to? by shafqat on Saturday May 03, 2008 @07:50PM (#180500)

Thanks.. I wouldn't ever try and fake it. All the interest we have is real (we haven't gone after funding yet, all the VCs have contacted us) as I mentioned before, I'd rather not get involved in tactics. Always better to let the product do the talking. But appreciate the fact that I shouldn't explicitly give names.

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Re:Ask YC: Is it okay to tell VCs who else you're talking to? by pg on Sunday May 04, 2008 @01:23AM (#180663)

You should check whether the people from VC firms who've contacted you are associates or partners. If they're associates, you're no closer to a deal than if they hadn't contacted you.

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Re:Ask YC: Is it okay to tell VCs who else you're talking to? by shafqat on Sunday May 04, 2008 @05:54AM (#180735)

Thanks for the tips pg. Of the people we've spoken to, its been a mix of associates and partners. I guess what you are saying is that none of it really matters until you get a term sheet. That's fine with us, since we are not desperate for money. The type of value add we're looking for is guidance/networks/advice, not monetary.

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