Posted by intrepid_one on 2007-10-11
This is a firm marked by partner upheaval, lack of competence, unethical behavior, poor VC community reputation and marginal performance.
They should be viewed as a funding party of last resort. If you take their money be prepared that other VCs will not entertain investing in subsequent funding rounds, know that they will exhibit passive aggressive behavior - ignoring your calls or emails sometimes for weeks on end, that they will not be straight or honest in their dealings with you and you will be left only to your own devices to create value. You will not only be alone, but you will also be harnessed with the overhead of dealing with a talentless, lying and unresponsive partner.
Worst yet, Kevin Kilroy and Joe Saviano are guys you would never choose to involve in your company, enjoy a beer with nor join your club. Steer away from these individuals at all cost - they are not qualified to be VCs and have no track record.PRIVATE: Members Only (1237 Characters)