JA Westenberg
VCs simultaneously believe that (1) most startups fail because of execution and (2) they can predict execution ability in 30-minute pitch meetings. At least one of these beliefs has to be wrong, probably both
Mar 21 at 10:12amTypefully
Show threadHenryk PlötzMar 21

@Daojoan A friend of mine relayed the story how he got funding in the early 2000s. It was the time of humongous CRT TVs. They had a presentation, but trouble getting an S-VHS connection. So they ended up fashioning an adapter with some tinfoil from a chocolate wrapper.

Later on, he says, he met one of the guys in an elevator. The guy said that he had had many meetings that day and didn't remember any of any content at all. But my friend's group seemed able to find a way to solve problems.

Show threadNiinaMar 21

@Daojoan And also bitch about that only 1 startup out of 10 they invested in, makes money.

Also they don't fund woman founded startups, even when we are better at making money.

Basically VCs rather lose money than give it to women.