realitycheques

So totally true. "Just do it" is the key. Hanging around the "clubhouse" for parties and beer is just not the point and clearly is not working...

The differences is that the YC founders are successful entrepreneurs who made money for their investors before YC and since.

Google the history of Spinway, bankruptcy, then sold, Peerflix-a VC fire sale, Bryght-private sale for loss then shut down.

A one-sided, unresearched, fluff article.

likely little meaningful assistance when the fund manager is in panic mode scrambling to raise money...

Makes it worse! Think about it... would you let your name be used this way, and/or associate with a company that you wouldn't put your own money in when it was badly needed?

Parties were fun, the rest was just meh. Too much time self promoting and no real resources to really build companies. Not having the right management team is a critical flaw. Look at the track record.

Right! And where is the investment support from all the big name, successful mentors?? Guess they're either free-riders or store window dressing...

Solid ground? Give us a break... they're turning on the reality distortion field, again!

growthworks has one of the lowest rates of return of venture funds,

this is spin control, they couldn't raise money so they chopped. How are theses guys supposed to help you raise moeny if they can't raise it for themselves???

R&D? at the pub?

the ____ giveth and the ____ taketh away!

True VC firms would never invest in this structure for many reasons. Naive angels or silver-spooners, maybe.

ditto that. gong show. The main skilz were self promotion and beer drinkin'.

"closing a round" could be code for didn't have the money when the intake offer was made and couldn't raise the money for all the startups... so picked and kicked to stay afloat.

why are you apologizing? Seems like it should be the other way around...

Soory you guys have had ahard time, Hope this experience doesn't scare too many other people off doing startups in vancouver or coming here to start a business

There are no lPs. Bootup is/was a VCC.

well this is most likely because they have no experience in how to finance or run a venture fund of any size.