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Re:There's always other places to turn to. by mattmaroon on Thursday October 18, 2007 @11:39PM (#70139)
Lol. They might read every submission, but only a very tiny fraction of their deals come from that. Maybe one or two percent tops.

No matter what they say, an introduction is the only real shot of success.

Re:There's always other places to turn to. by GammaStats on Friday October 19, 2007 @12:09AM (#70150)
It takes a lot of skill to identify the emerging companies of the future. Why would they say something they do not mean? You see VC's are very competitive. The really good ones realize that there is untapped potential out there that are likely to be missed by the "traditional VC's". Closed mindedness never innovates and this innovation creates the true leaders in any field.

It's a lot like Ivy League universities. They are under enormous pressure to perform and house the next great research endeavors. Have you ever noticed that Ivy League universities never set strict requirements on admission whereas public universities do. This is because they recognize that many innovative minds would be passed over if they set strict criteria. Einstein, the great genious that he was, made lousy grades and was told by his early teachers that he would never make it in school. In fact he was told he should drop out. Einstein was actually told he did not belong in school. Thats the product of closed mindedness. It was not until Einstein recognized his true passions in life that he became the "genious" that he is considered today. Quite frankly, it takes genious to recognize genious. And traditional VC's don't have this genious. That is why they would set more limits on who they fund.

We are all told how ruthless VC's can be and how they will take your company from you. Michael Moritz of Sequoia capital invested a little over 12 million for a 10% stake in Google. In fact, founders in these leading VC backed firms end up being recognized as the most powerful forces in the companies. This is because the truly revolutionary VC's recognize that they do not have the vision of the founders. They are willing to relinquish some control.

But I guess my point here is the leaders in any field are willing to listen to new ideas from new people because they must, to stay ahead in their game. And that is what they want most of all.

Re:There's always other places to turn to. by jsjenkins168 on Friday October 19, 2007 @12:27AM (#70155)
Start small. I've already met a great contact locally due to this forum who is in turn helping me to meet others.

You wont be referred to Sequoia right away, but the point is you meet people through people. It is a gradual process.

As my mother used to tell me: "Thin threads". Sometimes a random introduction can turn into something significant.

Re:There's always other places to turn to. by rms on Thursday October 18, 2007 @11:42PM (#70141)
Right, but mainly because someone that can't get an introduction is very unlikely to be what they want for their portfolio.
Re:There's always other places to turn to. by mattmaroon on Thursday October 18, 2007 @11:46PM (#70143)
I think its more because old habits, like Silicon Valley's gentleman's club, die hard. There are tons of excellent hackers who couldn't get an introduction, including a large number of the Y C companies that went on to get VC funding.
Re:There's always other places to turn to. by rms on Friday October 19, 2007 @12:27AM (#70154)
Did anyone that couldn't get an introduction try cold submitting to Sequoia?
Re:There's always other places to turn to. by mattmaroon on Friday October 19, 2007 @02:04AM (#70181)
I know from a talk that one of the VCs at Sequoia gave that almost nobody gets funded by them without having been introduced. He said that they were meaning to pay more attention to stuff that comes in over the transom, but it sounded much like I do when I say that I want to work out more.