BUSINESS BLOGS
BUSINESS BLOGS
category: business
25 Apr 2008

You know what I find really, really, really frustrating?

When VCs pitch to you, they talk a lot about how much they provide more than money… it’s sometimes true, oftentimes it’s not. But what is really damning is when I am trying to contact a given company for a business development deal and contact a VC to have them make an introduction and nothing, nada, zilch.

Funny thing is VCs brag about 9 out of 10 of my investment fail, and 1 is a grand slam. Well, well… maybe if you tried to provide more than money, then the others would not fail…

Any self-respecting VC should at least:

- respond to confirm that they got the email, and say that they have sent it in to someone at the company you are trying to reach.

Any proactive VC should:

- reply to you, thank you for reaching out, then add a contact at their portfolio company and have you follow up with one another.

I won’t call anyone out… but when you get an email from someone saying they are looking for a contact at a given company, for the love of all things holy act man, act!

You only ensure that we don’t take you seriously when you tell us a few months later that you bring more than money to the table.

In fact, you as a VC look foolish because it’s not like I won’t find a way to reach the company down the road anyway? And when I do, I’ll mention: “did so and so at VC X tell you I was trying to reach you guys? No… I am sure they meant to…”

All right, I feel better… back to work…

LATEST WM VIDEOS
LATEST WM VIDEOS

EDITOR'S PICKS

AUTO

BUSINESS & TECHNOLOGY


COMEDY

EDUCATION

FASHION


FILM

HEALTH & FITNESS

LIFESTYLE & LEISURE


MUSIC

POLITICS & HISTORY

SCIENCE & SPACE


SPORTS

TRAVEL

VIDEO GAMES