Poor at Following Up
Fund: GreenHills Ventures
Posted by Anonymous on 2013-01-21
I was contacted by one of the GreenHills' analysts, Sumit. He informed me they found my company's profile on Gust and were interested because they had just made an investment in a similar space and thought there were some synergies between our companies. Initially, this confused me because after describing what their new portfolio company did, it didn't seem to be very compatible. I asked Sumit for some references, which he said he would get together over the weekend and send over a few days later. About a week later, I received a call from Manny. He told me he wasn't sure why he was calling, other than because Sumit asked him to. They didn't seem very organized. He pitched me GreenHills, I described a little of what my business does, and then I asked for a few references that I could speak with, perhaps the company they just invested in as well. Of course, I never received any contacts to reach out to or letters of reference. This firm seems to be disorganized and poor at following up on their promises. Not the type of money I would want involved in my business. I would suggest doing thorough research with any VC firm and their partners before moving the process forward or you could be strung along as in this example.
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