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Jack Carsten Slams Angel Investors

Fund: Horizon Ventures

Posted by Anonymous on 2007-10-13

PUBLIC:

These guys at Horizon continue to surprise me with their arrogance and pompous attitude.

At an Early Stage Venture conference in San Francisco, Jack made the following comments concerning angel investors:

"a retiree looking for a hobby rather than a dedicated team member willing to put in the hard work to see a business from concept through to commercialization" and "social clubs for retired individuals who don't really care to help build the business"

I have presonally found that many of the Angel investors offer a valuable and fresh perspective to the venture voice. In many cases independent directors and Angels offer great value to the business and also enable emerging companies to get to the stage where they are viable enough to get venture.

What an attitude

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