TheFunded.com Open Letter
Posted by Anonymous on 2007-06-21
Dear Venture Capitalists,
I get frequent calls from your firms, normally from an associate, asking to learn more about my company. I would like the venture community to tell me up front if they are doing research. Simply say: "I am calling to do some research on your sector, and I would like to learn more about your company." Instead, you say things like: "I have heard great things about your company, and we would like to learn more. Are you raising capital""
The best part for you is that I will probably help you out with your research, as the rising tide floats all boats, and I will respect you for being honest. Asking about my company under the false pretenses of an investment insults my intelligence, wastes my time, and, frankly, makes you look disingenuous. And, I would rather not share sensitive information in the context of research that you normally ask for under the false pretenses of an investment. Thank you!