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by whistlerbrk 2632 days ago
Why... they just want to farm for ideas, understand your execution, use that knowledge to launch a competitor they have a stake in, drive out all the alpha from the business in so doing, and make an exit leaving someone else to hold the bag.
2 comments

Nobody does this. VCs rely a lot on reputation. The few slimy VCs I see get ostracized from the ecosystem; it's no way to land good deals with good founders.

The other paradox is that you can't have a good execution plan without good leaders. The ones who can execute better do something like Rocket Internet, and don't become VCs. VCs are happy to pay someone to do all the work for them.

They do that? That's slimy!