Posted by Anonymous on 2008-07-09
I pitched to Chip several months ago. He ended up passing on us. Since then I have pitched 12 to 15 VCs and the there is a similar pattern that emerges: Most VC will listen to your pitch, then tell you what will happen next, which usually involves them saying they will let you know their disposition in some way in the next week or so, then they never contact you again. At some level one can accept this given VCs see so many plans a year. However, my family taught me to practice basic good manners. If you say you will contact someone, it is only polite to do so. If you don't plan to follow up with them, just say so so expectations are appropriately set.
Anyway, with 15 meetings a hindsight, I felt Chip was engaged, did not waste our time, told us his concerns, and followed up to pass, as he promised to follow up.
I can't speak to him as a VC because I have not been a portfolio company of his, but I have known him for some years and I find him smart, polite and a practicer of good manners.
It was nice to experience it for a change.PRIVATE: Members Only