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3.0 Never Leaders Allways Follow on Investors
Fund: Mitsui & Co. Venture Partners, Inc.
Posted by Anonymous on 2007-08-08
Worked with Walter Olesiak. In meetings very agreeable and engaged. Though in due diligence and communicating with our firm he had no consideration or professional courtesy.
After our meetings, it took 2+ months for him to get back to us, even after promising to give us feedback and next steps 7 days after our meeting. Just couldn't take the time to write us a quick email to say that due diligence is ongoing or thanks but no thanks.
This is my pet peeve and I will be sure to steer other entrepreneurs away from this firm and Walter. If he treats you now with such little consideration and almost feels like disdain, what would he be like once invested into the firm"
Walter relies on other VC firms for due diligence and sprinkles a little Mitsui internal review (in japan) to generate an opinion. Mitsui never leads a round (check for yourself). If you have a VC onboard that is generating a term sheet in which Mitsui is familiar with, you could contact them to help fill out the raise.
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