Re:Google ?= Exxon
by jsjenkins168 on Sunday April 01, 2007 @02:53AM
(#7957)
Does anyone have experiences going to VCs for funding that dont specialize in internet technology startups? I am particularily interested if say an oil/gas VC would be willing to negotiate sweeter terms than many of the "cut-throat" tech VCs would...
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I'm just speculating(as I have no VC experience at all) but would'nt the oil/gas VC be less tech savvy than your tech VCs? Another thing to consider is they(oil/gas VC) will have little or no knowledge about the Internet industry which makes it significantly more difficult to convince them the possible implications and benefits of your start up.
Why would a VC firm specializing in oil/energy invest in an internet startup? VCs generally have specific areas they invest in.. if they don't "Specialize" in internet, they won't invest in you.