[StartupLSatoshi]

Cringeworthy post.

A post like this feels like a good way to seal your fate as a victim of the crunch.

It's true that investors make mistakes. Don't feel sorry for yourself or complain about it, figure it out. It doesn't get any easier (or so they tell me)

[ryanSrich]

I would say it's an interesting post, but lacks quality.

I do believe investors often ask the wrong questions. A lot of them have just been lucky. That's not to say all investors are lucky/asking the wrong questions.

It's a mentality thing. Often times West Coast investors are interested in how you compare to other non-competing but similar businesses. IMO they also focus too much on the sumo and how they might release a competing product, "what would happen to x if bigco launched a similar service"...there's not right answer to that other than...who cares? I think investors should focus much more on how much revenue you make and your potential for growth. Not how you compare to some flashy startup.

[wylonis]

i'm sorry to hear that you perceive this as some sort of excuse. that wasn't my intention. we haven't started fundraising yet so i don't know which side we'll land on. this was more meant as my personal observation on the VC ecosystem and how I can see some of the dynamics leading to the crunch.

[nostrademons]

It's generally not a good idea to imply that the people you'll be asking money from don't know what they're doing or are doing it wrong.

From your lists of questions, yes, I'd say they're doing it wrong. But their questions are their questions, and you don't get to determine what they care about. It's their problem that they miss out on the next unicorn; just thank them for their time and move on to the next investor.

[wylonis]

yes it is completely their prerogative to ask whatever questions they want. luckily a lot of investors do ask the right questions. my observation is just that a lot don't and i wish they did because it would mean a lot more interest in series A companies.