Re:VCs Promised to Help Black Founders – My Experience Shows...
by causality0 on Wednesday July 08, 2020 @05:47PM
(#23774586)
I have zero business experience whatsoever. That said, I wouldn't have invested in her business for the simple reason she made it too easy to cut out the middleman. She intends to make money by hooking people up with personal trainers but there's nothing stopping said trainers and clients from just doing business themselves after she's done the work of connecting them.
[ Parent
| on HN ]
Re:VCs Promised to Help Black Founders – My Experience Shows...
by PascLeRasc on Wednesday July 08, 2020 @08:10PM
(#23775681)
That’s something a VC could say instead of silence. Helping someone build their business would be incredibly supportive. However it seems that no VCs were interested in doing that.
Re:VCs Promised to Help Black Founders – My Experience Shows...
by katzgrau on Wednesday July 08, 2020 @11:10PM
(#23776587)
Having been a VC-backed wannabe for a period of time (and pitched some well known investors), I learned that most investors would rather not offer that kind of feedback because it inevitably raises counterpoints which extends the conversation they didn't want to have in the first place. A simple "no, thank you" let's them get on with their day.
It sucks for the founders but that's really just the nature of being a "salesperson" in any field - constant rejection and little insight.