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by jedberg 760 days ago
I feel like "lure" was used here to trigger people.

The smartest thing a VC ever said to me was, "I am in the business of selling money. I'm a salesman, money is my product, and I'm trying to convince you to buy it from me by telling you how my money is better than everyone else's".

VCs have to prove their value to startups, because good ones have choices. A podcast is a great marketing opportunity.

3 comments

^^^ This.

If you have a good track record of execution and have enough experience in your domain, you should be able to raise money (it's a slog but it is doable).

As such, we need to convince promising founders to come to us, convince prospects to become LPs in our funds, and convince other VCs to buy into our investment thesis (and thus build the pipeline to fund additional rounds)

Every job is basically a mix of sales, marketing, and domain experience.

P.S. love lambda ;)

There always seems to be this implication in anti-VC rhetoric that founders are somehow gullible to VC's (whatever that means). I've yet to meet a founder where this is true.
Most people on HN aren't even founders or experienced ICs anymore. It seems to be burnt out junior ICs with a chip on their back, as well as a lot of overlap with some of the more toxic parts of Reddit.
Remember, you're not stuck in traffic, you are traffic.
As a Reddit refugee (post APIcalypse), I feel individually targeted
I've heard this pitch too. My favorite is when a VC told me my expectations were "too high as 90% of us couldn't get a job at Goldman and that we are just content marketers" which I felt was wonderfully honest.