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Poor Communication

Fund: Bessemer Venture Partners

Posted by Anonymous on 2010-05-03

PUBLIC:

I was excited to pitch Bessemer on a SaaS financing. From reading a partners blog I thought he was a smart guy, and we are right in his area of interest. They also churn out a ton of PR on their 'expertise' in SaaS which would lead you to think they might actually be paying attention. Unfortunately it didn't turn out like I hoped.

Despite an intro from a Bessemer CEO, I couldn't sync up with the partners busy calendar and got punted to his associate, who really didn't get what we are doing. I broke my cardinal rule - *never meet with associates*.

Neither of them responded to follow ups. Of the VC's we pitched for this round, Bessemer was one of only two funds that went 'radio silent'. Overall it was a disappointing experience and we would not go back to Bessemer.

We closed our financing with a much better fund - and I've got one less blog to read.

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