They're adding valueβ’ And they're very proud of it. @BragsVentures
Joined November 2019
- Tweets 19,142
- Following 4,624
- Followers 287,893
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5,188 Photos and videos
VCs Congratulating Themselves πππ retweeted
Jun 12
Met with a celebrity VC that quietly also runs a media roll up business. They gave me 7 verbals, via email, phone, Zoom, that they wanted to invest with the condition that I also advised for their media arm.
Every time we got into numbers, they stopped responding.
The final straw was when they texted over a weekend to ask to hop on a call to work through things. I responded right away offering to hop on right away. Ignored. Two more follow ups that day. Ignored.β¨β¨I finally told them the round was closed.
The best part is, this is what they responded with:
βWe donβt invest in media.β Wow.
Jun 2
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.
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VCs Congratulating Themselves πππ retweeted
Jun 11
OG Anunoby leaving Toronto and thriving in America like every homegrown Waterloo software engineer
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this post still lives rent free in my head.
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you really gotta give it to Garry Tan for being early in Bending Spoons
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Next time you pitch a VC, bring an air horn and compare your business to it, says @johncoogan.
"My business is like an air horn. At any moment, it could blast off like a rocket ship."
No one will fall asleep on you. They'll all be too worried you're going to blast the air horn.
Jun 2
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.
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trying to raise from VCs when you didn't go to Stanford or Harvard
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Bandwagon Knicks fans and VCs are the same species:
zero interest until the round's already hot, then suddenly they βhad convictionβ and were βearly believersβ
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over the past few days people have been sharing stories about their awful interactions with VCs.
Here is a roundup of the most hilarious, embarrassing, bizarre, and backstabbing stories π§΅π
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