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Jeff Bussgang has today’s great post up titled Let’s Play "Blame The VC." It’s something that regularly confounds VCs and entrepreneurs alike. The punch line: "Then, when you don’t get funding, play "blame the VC". Tell all your friends that those risk-averse idiots wouldn’t know a good deal if it hit them in the face. […]
Jeff Bussgang has today’s great post up titled Let’s Play "Blame The VC." It’s something that regularly confounds VCs and entrepreneurs alike. The punch line:
"Then, when you don’t get funding, play "blame the VC". Tell all your friends that those risk-averse idiots wouldn’t know a good deal if it hit them in the face. And especially the ones in [insert your geography here]."
Jeff does a good job – in a relatively self-deprecating way – of dissecting this endless discussion.
Today’s best post of the day is from Josh Kopelman of First Round Capital. Most of Josh’s posts are winners and Nothing to Lose (or Risk Tolerance is a Competitive Weapon) provides some great insights into the impact of risk tolerance during the 2000 downturn and how PayPal used it as a competitive weapon against eBay.
Rick Segal has three great blog posts up this 4th of July weekend. He’s Canadian so I expect he is still working – maybe we’ll see a fourth from him. Term Sheets vs. Intent 3 VC Questions You Should Not Answer Dancing With the One Who Brung Ya Happy 4th Rick. Keep writing.
Mark Suster of GRP Partners in LA continues to crank out great posts, including today’s titled Getting Access to the Old Boys’ Club (how to approach a VC). I like investing in LA (we’ve got three investments there – Oblong, Topspin, and Memeo) and I’ve got a long term evil plan for the city. In […]
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