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15 Comments
- rlahiff, on 12/05/2007, -2/+9what a ***** lame story - stop digging this morons
- iamyak, on 12/05/2007, -1/+7But what about emerging maple syrup conglomerates in Vermont?
- inactive, on 12/05/2007, -1/+6Dollars or fans? I'll take the dollars
- kingp, on 12/05/2007, -0/+2I'll save most of you that are entrepreneurs the trouble of reading this article:
My experience with Venture Capitalists has been nothing but awful. I have spoken to at least 5 different firms and they were all, mostly, unhelpful and kind of rude (yes that includes you Sequoia, and Barrett). I really have yet to meet a VC firm that didn't listen to your idea, string you along for 6-9 months and then tell you "I just don't think it's a fit for us". These guys have billions of dollars, you'd think they could figure that out within the first 30 days or not.
Now that I've grinded my axe, there is a place for VC's in the world, but only if you already have an established and profitable business. If you aren't making several hundred thousand a year in revenue, then expect nothing from these firms. Good luck finding an angel investor (and don't go for those ridiculous middle man companies (venture catalysts or venture connectors as they like to call themselves). They're nothing but a rip-off too.
If you are talking with a "VC" and they ask you for money up front, DON'T do it! If they are for real, then a VC knows that any money you give them up front takes away from your companies bottom line and can hurt their chance at a return on your business. Besides a real VC should know that you don't have any money to spare. - cdcr28, on 12/05/2007, -0/+2Here is Mark Zuckerberg's facebook profile:
http://mashable.com/2006/08/25/facebook-profile/
His interests include "domination"... - inactive, on 12/05/2007, -0/+1This is the worst story I have ever seen on digg
- inactive, on 12/05/2007, -0/+1Well, it would normally be good to be the most popular VC, since that would mean just by statistics, if there are a certain number of really good ideas, it's more likely that you'll get them. Although, it seems like plenty of really stupid ideas were able to get funding anyway.
- slenderdog, on 12/05/2007, -0/+1Well said. If your business can't generate cash in the first place you're wasting your time looking for VC.
- solid12345, on 12/05/2007, -0/+1As far as i'm concerned if you are getting your info from facebook or online blogs you are not ready to be a true entrepreneur.
- TheKappa, on 12/10/2007, -0/+1This is ***** retarded.
- Rotzooi, on 12/05/2007, -0/+1What does it matter if I 'befriend' (yech, i hate that word when referring to internet-click-friends) a venture capitalist on facebook? What do either of us have to gain?!
- discopete, on 12/05/2007, -1/+1..and use them to pay someone to be you on Facebook!
- BigGourgues, on 12/05/2007, -2/+1Maybe it's better to be the least popular VC on facebook. That might mean there are less competing entreprenuers trying for that money since everyone is going to the popular guy. That just gives the entreprenuer that much of a better chance at the less popular VC. VC 2.0!
- jordshine, on 12/05/2007, -1/+0VentureBeat... is that an off-shoot of TigerBeat? I mean, c'mon, this article is fodder for a high school newspaper (at best). Duped again, by 2.0 diggers...
- jivatmax, on 12/05/2007, -5/+0wtf is web 2.0 and why should I care about this article?
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