RSS
Survivor, Silicon Valley-Style
from the welcome-to-the-VC-pitch-and-pray-circus dept
An amusing piece in the San Jose Mercury News trying to turn the process of raising venture capital into a reality-style TV show. It starts with entrepreneurs flinging business plans up a sand hill towards a VC who never sees them - though eventually he tells one entrepreneur "keep me informed", thus kicking that entrepreneur out of the Valley. The next event is a personal favorite: jumping through flaming hoops. After you get through the first bunch, the VCs reveal more and more tents filled with more and more flaming hoops. The final stage is when they dump the entrepreneurs in a pit full of lawyers. The article is surprisingly accurate for anyone who decides they want to go through the process.
If you liked this post, you may also be interested in...
- New Study From Booz & Co. Shows That SOPA/PROTECT IP Will Chill Investment In Innovation
- Send In The Clones: Startup Raises $90 Million To Copy Other Startup
- DailyDirt: Expensive Things To Buy...
- Are Silicon Valley Angel Investors Colluding Over Deals?
- Don't Read Too Much Into The Claims That Intellectual Ventures Returns Are Negative
Add Your Comment