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3
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Decides with Subjective Bias

Fund: First Round Capital

Posted by taurus on 2008-01-30

PUBLIC:

Pitched Chris over the phone. It was apparent that he had not spent much time reading & understanding my ES. So I went over everything with him. At the end he said it seems like I understood everything about the business quite well, and although it was in their sweet spot in terms of capital, stage etc. he was going to pass. The reasoning was that he and his colleagues had tried services in the past that overlapped in some aspects what my company was pursuing and had unsatisfactory experiences.

He also asked about what other VCs were interested, which seems like a typical VC question that conveys that they are not leaders where investment is concerned.

Otherwise he seemed unpretentious and nice enough, but basically was wasting my time and his own.

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