Don’t really have a great VC horror story like others are sharing. My fav tho was pitching at
@a16z and the partner (Ron Conway’s son) was just not interested, like at all. Don’t blame him my startup wasn’t very interesting.
So when we got to the slide on financials I just said “here’s a bunch of numbers I made up and put on a slide”. He burst into a huge laughing fit, almost crying laughter. Then he said “That’s so true, no one ever says that, but it’s so true”.
I knew there was no chance for investment, but I felt good that I made him laugh so much. Maybe it made his day. He passed on the deal gracefully a few days later.
I was once pitching in a board room at a top 3 VC firm for a $15M Series A.
12 people in the meeting. One of the GPs fully fell asleep. Out cold for 30 minutes. Nobody acknowledged it. Everyone just kept going.
I kept presenting my Series A slides to an unconscious man in a Herman Miller chair and somehow that was considered normal. That's venture capital.
You might fly across the country to perform for people who may or may not be conscious.
It's a dance.
And sometimes you lead and sometimes you follow and sometimes your partner is unconscious.
If you're raising right now, just know: every founder has a story like this. The process is weird. The power dynamic is weird. You're not crazy for thinking it's weird.
No one talks about it because they want to continue raising. But I'm happy to stick my neck out there.
It is weird.