The Reason VC's Have a Bad Reputation
Fund: Core Capital Partners
Posted by advisor on 2008-06-18
I've read all the comments about Core and find that the majority are correct. Jonathan is exceedingly smart and a very charming guy. Unfortunately, like others have experienced, (1) their term sheets are amongst the most aggressive out there, (2) they over structure their deals, (3) they will offer you half of what you need so you need to go back to them again, (4) they drag out the close if they smell you will run out of funds (and then as you are close to the wall, will hit you with more conditions), (5) they have no qualms about denigrating other VCs, and (6) are extremely arrogant.
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