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ohwhataweb

It's quite impossible that the VC downright stole the customer data. There seems to be a mixup where our customer data got into their system. Not sure how to ask them to purge our data without seeming like an asshole.
>Don't make this into something more than it is. This will not break your business, but making it a big deal when you don't have the power/resources to do so could.

This is correct. I totally forgot about them until one of our customer pointed out an email they received from the other startup and wanted to know if we shared our customer's contact with third parties.

It's impossible for us know what's the correct answer here. We have to share customer information for due diligence but does that mean investors are third parties? What if the investor uses this info for their startups?

> on one of your oversubscribed funding rounds

We are not in the silicon valley or even in North America.

Then it all becomes a shit show. Not to mention that we get on the blacklist for every VC they talk to.

We just want to get on with our startup and we have tons of work left to scale up.

This is how we can get blacklisted by VCs and they talk to each other which means we are royally screwed even by other VCs
>Get a lawyer and talk to them.

Ha! We are a startup from a developing country and our budget of $10 per day of facebook ads is killing us.

True, a verbal commitment is not a deal and the VC had even given an email confirmation.

We found our customers through facebook groups.

Maybe your first scenario is correct. and maybe the other startups found our customers the same way. There is no way to prove anything. That's why all I want is for the VC to delete our list from their emails and servers

I would like to believe that I didn't get mugged and someone or something in the list ticked him off. It would have been nice for him to open up a channel of conversation as the list is genuine and we have bootstrapped our startup so far to profits

Ask HN: Investor went dark after getting startup financial information

Our 11 person startup had an expression of interest from quite a reputable VC and we had few months of communication regarding growth, revenues etc.Finally the VC agreed to invest he wanted to do due-diligence by going through the customer's list rather than checking our business bank accounts. I was a bit hesitant but wanted the funding to go through, to take my mind off it and focus on the...

( Read More... | 29 comments | 43 points | on HN )