TheFunded.com Open Letter
Posted by Venture Capitalist on 2008-09-03
Ok, so my first time on thefunded.com
Two things: first, I am a "vulture" capitalist. Second, I'm writing using one of my portfolio company's accounts.
I'd like to reach out to you because you are the reason we thrive. You've already got the odds stacked against you, and the last thing you need is a bully VC with confusing, illogical screening processes.
I'm with you all. I believe the venture capital industry is on the brink of a
"shake-out." It's changing. Today, the great VC's are the ones that both LP's and entrepreneurs love working with.
It's not longer a one-way street.
This being said, I'd like to gather some feedback from anyone willing to share:
What's the best screening process you've been through" What do you like" What don't you like" Are you a fan of Angel Soft" Do you like submitting an executive summary" Video" Do you like being contacted immediately after submitting an application" A phone call"
Thanks in advance for your clear, respectful insight.