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by supertomcom
2160 days ago
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Deal with it now. VCs:
1. Can sniff out drama
2. Want founders happy and productive, not in-fighting among the team But, I'd also ask if you're being fair. IMO, technical people aren't the best at assessing non-technical people (I'm a technical person saying this). The spreadsheets might be wrong, but is PC landing all the deals and actually reason why investors are lined up to begin with? In other words, is PC any unique value, that can't be easily replaced (a "dealmaker" can't be replaced easily)? Only you can answer that. If the answer is no, I vote to address this now. If they really are adding value (in the way that I described), then you might have to bring in help with the things they are not good at to supplement. |
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I agree that it can be difficult as a technical person to assess non-technical people/activities, and I've tried to be understanding of our differences. Our team has frequent meetings, and PC has explained they have been lining up investor conversations through references from our company connections (corporate counsel, previous accelerator connections, etc.), but I've gotten the feeling PC hasn't really been chasing the money with enough intensity. For example, PC spent 3 days the other week (~20 hours reported) "preparing for an investor pitch," which went disastrously - lots of stumbling across words, struggling to explain our product, competitors, and IP strategy.
I suppose the challenge is finding someone more competent who would be willing to do the job with minimal pay, both in terms of the availability of such people and the ability of me and OC to dedicate time to such an effort. Thanks again for your answer. I'll have to discuss with OC what we can afford to do at the moment.