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No Free Lunch

Fund: Venrock Associates

Posted by Anonymous on 2008-08-02

PUBLIC:

A number of years ago Tony showed up at my little startup in his big Mercedes. He parked the car in front and came into our tiny office behind the dumpsters. I had bootstrapped the company using credit cards and any funds I could get my hands on. He listened to the pitch and then we went across the street for lunch. He let ME buy lunch. I know this is a stupid, petty, little thing but I have never forgotten it. To me, it reflected a total lack of understanding of what an entrepreneur goes through to start a business. Based on that incident I wouldn't go near the guy.

Epilogue: The company is now public with a market cap over $1B. We never did anything with Venrock. There's no free lunch Tony.

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