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Florida Gulfshore Capital  CERTIFIED

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FIRM OVERVIEW: Small Private VC founded in 2003 based out of Naples, USA (US East)

FIRM DESCRIPTION: Private investment firm focused on early to mid stage venture opportunities, with a preference for the South East and the East Coast. Particular interest in industrial products, health, and web based information businesses

TEAM MEMBERS: Patrick George, Richard Molloy,

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Fund: Florida Gulfshore Capital

Posted by dotcomdropouts on 2008-05-01

PUBLIC:

One of my founding team members is located in the Cape Coral area. Since this fund was located in Naples and had done some Web 2.0 (Gather.com) and Lead Generation (SpineUniverse.com) deals we sent them our power point deck to see if there was any interest.

We got a quick reply and pass from Richard Molloy via email. We then asked if he knew anyone else who may be interested in our space or an early stage venture like ours and he was kind enough to give us a quick "let me look and I'll get back to you".

It is refreshing to get a quick and polite "no thanks". As someone who has some very negative experiences pitching past ventures I have to say I'll take a quick "no thanks" and move on any day over the "yes" or "maybe" with no close.

BTW, I didn't press them for a reason regarding their deciding to pass since that is a very subjective thing.

See: http://www.thevc.com/strips/Upside07.... and http://www.bvp.com/Portfolio/AntiPort... for an illustration of subjective nature of the "we will pass".

Don't take it personally!

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