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Two Bad Experiences

Fund: Maveron

Posted by secondtime on 2007-10-26

PUBLIC:

With my first company we received an intro and flew across the US to Seattle to pitch Dan and others. We were told that the business would never work, and rather unceremoniously turned down. Well - the business has worked great (top 100 on the Inc. 500, profitable, growing at 80% + a year)...I saw a partner who joined after that at an event and talked about it. His basic comment was "wow we were idiots for passing" - I tried to play that down as many people passed. A short time after that I decided to start a second business. We raised a seed round led by First Round Capital. As we started to consider who to approach for our series B, a friend of mine who had raised a large round from Maveron made an intro - to the same partner who'd told me they were idiots to pass on my first company. I followed up on his email with one of my own, even referencing having met. To this day, I have not received a response. I'm not sure I will approach them again.

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