Flaky
Fund: Eden Ventures
Posted by Anonymous on 2013-04-20
While the rest of the partners may be trustworthy, a chain is only as strong as it's weakest link. Sadly our experience with Ben was poor. Lack of transparency, lack of commitment (he didn't show to a meeting leaving many startups disappointed) and improper communication (he directly contradicts everything the Eden website states in his one liners).
Waste of time.
PRIVATE: Members OnlyWhen to Bring on Our Own Development Team
TheFunded.com Discussion
Posted by Anonymous on 2013-04-19
Rainmaker Securities.....Anyone?
TheFunded.com Discussion
Posted by Anonymous on 2013-04-19
Quasi Acqui Hire Offer and Best Interest for Shareholders
TheFunded.com Discussion
Posted by Anonymous on 2013-04-18
Terrible Partner Failed to Deliver
Fund: Intel Capital
Posted by Anonymous on 2013-04-16
I've been lucky to raise money from some of the best, but have also had my deals passed on by many excellent people: as long as people pass politely, an entrepreneur should have no hard feelings.
But Intel Capital gave me the worst experience of ~50 firms I've pitched to over several successful capital raises (and a few unsuccessful ones).
PRIVATE: Members Only (989 Characters)What if You Have No Idea How Much You Need?
TheFunded.com Discussion
Posted by Anonymous on 2013-04-16
Cervin Ventures
TheFunded.com Discussion
Posted by Anonymous on 2013-04-13
Experience with Allied Global Holdings Hk
TheFunded.com Discussion
Posted by Anonymous on 2013-04-12
When to Raise Funding?
TheFunded.com Discussion
Posted by Anonymous on 2013-04-08
Very Corporate. Not Founder Friendly. No Value Add.
Fund: Intel Capital
Posted by Anonymous on 2013-04-08
The only founders/CEO's who take money from Intel Capital are the ones that can't get investment anywhere else in Silicon Valley. It's a very bad signal to take money from IC.
They have no entrepreneurs making investments, because real entrepreneurs will not work with them.
PRIVATE: Members Only (208 Characters)Any Experience W Gust.Com for Entering Startup's Details for Angel Funding?
TheFunded.com Discussion
Posted by Anonymous on 2013-04-08
Not a Depressing Story
TheFunded.com Discussion
Posted by Anonymous on 2013-04-08
Michael Arrington Rape Allegations are Wake Up Call for Silicon Valley
TheFunded.com Discussion
Posted by Anonymous on 2013-04-08
Negative Experience
Fund: Edgewater Funds
Posted by Anonymous on 2013-04-07
This firm played a lot of games along the way, and ultimately wasted a lot of our time and lawyer money.
They did not hold to the LOI, which we viewed as them not honoring what we agreed to in writing. Retrading appeared to part of their initial pricing strategy irrespective of what was found in due diligence.
They strung us along only to bail near the end.
The main associate on the deal was pleasant to work with, excluding his participation in their game playing. We did not feel the same way about the senior partner on the deal.
They brought in an outside team who would have played a role in our business post-close, and we did like the team they brought in.
Fortunately, after going through this long, unpleasant, and ultimately unproductive process with Edgewater, we found another firm to work with who treated us with the appropriate respect, and that partnership has worked out great.
PRIVATE: Members OnlyThe Story of a Failed Startup and a Founder Driven to Suicide.
TheFunded.com Discussion
Posted by Anonymous on 2013-04-05
Icymi: "Why I Don’T Advise Startups to Hire M.B.A.S" by Vivek Wadhwa
TheFunded.com Discussion
Posted by Anonymous on 2013-04-03
Debt Relief
TheFunded.com Discussion
Posted by Anonymous on 2013-04-01
Shady Ethics
Fund: Shasta Ventures
Posted by Anonymous on 2013-03-31
Shasta has reached out to one of my companies regarding an introduction. This was strange, normally it's the other way around.
I know for fact that Shasta is investing has just lead the seed round in an direct competitor. I found this to be very unprofessional and unethical.
PRIVATE: Members OnlyWaste of Time
Fund: Boston Harbor Angels
Posted by gater1 on 2013-03-30
I've pitched to half a dozen angel groups in New England with a solid track record of getting into due diligence (6/6) and term sheets (5/6). Harbor stands out as the least engaged and laziest group by far. After pitching, I got a favorable response and a list of members who were interested in learning more and/or participating in due diligence. Not one followed up.
All the other angel groups were proactive in assigning deal leads and were active in managing the dd process. Harbor were content to sit back and see how all the other discussions developed and put the onus on me to organize discussions with them.
Every angel group has its own culture. The atmosphere at the Harbor pitch events is fun (the lead acts more like an emcee than an vc), and it's clear that there is a strong social element to the group. Unfortunately, it's clear that they are more of a country club than an investment club -- a sentiment that has been expressed in candid conversation with other angels.
PRIVATE: Members Only
