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Quickfart

Fund: Charles River Ventures

Posted by johnnyonetime on 2007-11-01

PUBLIC:

The Quick Start program is kind of a joke. We were asked to come in and pitch our idea and told we would receive a response by day's end. We were given 30 minutes to pitch, which really isn't enough time to explain a dynamic market. I'm a proponent of "short and sweet", but every other VC alloted us 1:30 hours to explain our approach.

After the meeting we never heard back from CRV for 45 days! Pure radio silence. Once we did hear back the response was, "there isn't enough information to pursue this opportunity at this stage." No kidding"""" Maybe 45 minutes would have afforded us enough time to provide a sufficient amount of information:)

Susan Wu was the lead on our meeting and we very much liked her. I have worked with Ted Dinnersmith in the past and he too is great. I can't really speak about the others beyond a general angst they cast when you meet them.

CRV has done some interesting deals, but the quick start program is not as advertised. Conceptually it sounds great, but in practice I have to say it just doesn't work.

We are funded at this stage, so I hold nothing against CRV, but I do recommend they retain some brand equity and kill the program.

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