Re:We came up with a cure to cancer and no VC wants to fund us
by labvie on Wednesday May 20, 2015 @08:04PM
(#9580203)
I've never raised before. It's the first time we create a private company based on the research we are doing. I contacted somewhere around 700, which includes partners, associates, juniors from about 100 VC firms.
From my experience with VCs I find them busy and skeptical rather than mean. They hear wild ambitions every day, so have a strong filter.
I have to ask, what was the nature of the cruelty?
It's hard to imagine anyone, VC or otherwise, being cruel to someone who was (a) raising a round in good faith and (b) holding an 80% effective cure for cancer... so I'm wondering what exactly happened?
How many VCs have you spoken to? Are their investment mandates compatible with your products? Have you done this before?