new popular VC line: "unless i can get [20,25,30]% ownership, it won't be worth my time helping your company". not sure if good sales pitch
Mar 23, 2014 · 3:11 AM UTC
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@sama The startup should reply "That's ok, we only really want your money anyway."
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@sama typical of senior executives too. Red flag when interviewing.
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@sama and yet startups will line up behind firms that think they can ask for this. Why so?
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@sama while studies show very few VCs add value to companies, this is hilarious
@sama @StartupLJackson Vicious cycle. Entrep feels obligated to raise bigger round since dilution fixed and VC encourages to spend faster
@sama thats ALWAYS been the case in India. In fact its a heuristic all entrepreneurs have come to live with. :)
