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Feedback & Communication

TheFunded.com Open Letter

Posted by Anonymous on 2007-05-20

PUBLIC:

We all know how busy VCs are, but so are the entrepreneurs. When a meeting or a call is setup, feedback after the call is really appreciated by entrepreneurs. We all know that some entrepreneurs do not take negative feedback lightly, but that's no excuse to leave them hanging for 10+ days without even answering emails. At least, a VC should set the expectations of the entrepreneur in terms of a 'response timeframe' AND stick to it (Many do the former but fewer do the latter). VCs need entrepreneurs as much as entrepreneurs need them (if you don't believe this, ask a VC that didn't meet the Limited Partners' expectations.) It's up to the VCs to show respect when it comes to giving timely feedback. No one is too busy to send "We didn't forget about you. We're still discussing your venture" or something like that.
Best regards