[jacquesm]

There seems to be this terrible misunderstanding that 'VC' is a uniform unit the multiple of which is VCs.

In fact, every VC is different, every VC has their own ideas of what companies are good to fund and which they'd rather pass on.

So, right now there are VCs that will not fund companies that do not have a clear idea of how they're going to become profitable.

[logicallee]

The only terrible thing about the misunderstanding that VC's are uniform herd animals who all act the same way, have the saem ideas of what's good and what they'd rather pass on, is that it's true!

Terrible but true. You will literally see vc look at the other VC and do exactly what they're doing.

You can literally create your own VC market by making VC A think that VC B is interested, which is true, because VC B is interested in anything that VC A is interested in.

[jacquesm]

Some questions for you:

Do you run your own company?

Do you have employees?

Co-founders?

Have you ever received funding from a VC?

Have you ever solicited funding?

Were you accepted?

Rejected?

[logicallee]

all of the above (yes to all seven question marks) except for number four receiving funding (from a vc), as in check clears, no that hasn't happened yet.

going through this process now - and I can tell you, if I fucked up with one VC I would fuck up with them all. everyone talks.

On the flip side, when you're hot everyone wants you, you don't have enough equity to sell to everyone!

[jacquesm]

Check out the story behind Cisco before you give up.

And on another note, ask a VC if they reject you why they reject you, there really is a huge difference in the spectrum of available parties to work with, from assholes to fantastic people to work with and everything in between, make sure you partner with a group that feels right rather than just looking at the terms sheet. That's where the action is of course but sometimes it is better not to have a deal than to have a deal with the wrong party.

[mchusma]

I think you overestimate how efficient the VC market is. You can fuck up a lot of pitches and still close. In fact, most people hear No much more than Yes. Very rare to just walk in and get an offer without knocking on doors.

[Skibb]

which makes the sale of Shitagram slap in the face to all startups which actually have, oh I dunno, a business model lol