Crv is Tough but Fair
Fund: Charles River Ventures
Posted by douglaird on 2007-10-08
Let me start off by saying that I am the CEO of a semiconductor startup so I have zero experience with Quickstart. I am a portfolio company of CRV so you can say my opinion is biased. This is my third start up. The first one went belly up the second went public and we are pre-revenue on this one. I've seen the good, the bad and the ugly since I have worked in silicon valley since 1978. Needless to say I have been up and down Sand Hill Road more than I care to admit so I can honestly say that I have seen it all when it comes to venture capital. The name of the game in venture capital is to touch as many companies as possible to find the next "Google." Consequently many times people don't call back you just have to accept it as the normal course of business. I found CRV to be tough but fair in their analysis of my business plan. Quickstart is a new program so I'm sure CRV is still working out the kinks. It sounds as though there needs to be a more formal process of reviewing plans with a target date for follow up. The Quickstart program is a good idea that could benefit both CRV and entrepeneurs with a little more structure to reduce the fustration.
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