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VC Funding Decisions are Only 20% on the Merit (80% Seems on Whimsical Basis)

TheFunded.com Advice

Posted by Anonymous on 2008-05-04

Tags: Closing Criteria

PUBLIC:

I was surprised to read about a large ( $28M) funding win by a company from the local Sand Hill VC's. Only a few months ago, I was inteviewed by this company for a C-level position and found them to be essentially a big fraud.

As someone who has spent 10+ years in this technology space, their claims about how their product/system works is just not possible. This is not my ego but a matter of science.

My only guess is that VC's felt good about the CEO/founder while playing some golf.
So to what extent is it a true meritocracy to get your startup funded by a VC"

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