One thing I noticed about some of the major successes in the good old days (the '80s for me) is that they had a "No Bullshit" early investment, one where a VC took a good look at the company and without wasting time signed a check. Sun I think enjoyed one of these....
Re:Dear Dumb VC
by saosebastiao on Saturday May 25, 2013 @04:35PM
(#5768715)
Sorry, not written...read. I am definitely not the author. Doh!
I genuinely feel like there is an incredible market out there that is waiting to be tapped: No Bullshit VC's. Give entrepreneurs a commitment: Once you get to the stage where they want to meet with you, they meet with you once, have an agreed upon time period for research, and at the end of the time period, they give you a term sheet or a refusal. Extra points if they give straight-forward valuations without the salesmanship bullshit of trying to quantify intangibles like the value of their advice or connections. And extra extra points if they avoid meddling.