Guy Kawasaki writes a nice piece about VCs and about entrepreneurs ( I know a few VC’s well and a lot of entrepreneurs). His writing rings so real to me. Here's some of what he says:
"Venture capitalists are simple people: we've either decided to invest, and we are convincing ourselves that our gut is right (aka, “due diligence”) or there's not a chance in hell. While we may be simple, we're not necessarily forthcoming, so if you think it's hard to get a “yes” out of venture capitalist, you should try to get a conclusive “no.”" He adds,"Alas, entrepreneurs are also simple people: If they don't hear a conclusive “no,” they assume the answer is yes." (From "Let the good times roll by Guy Kawasaki" – calling this as example of the kind of breakdown of communication between venture capitalists and entrepreneurs that causes much pain and frustration for entrepreneurs – he goes on to list the top ten lies of venture capitalists.
It's well written, humorous, exposes the sometimes artificial, sometimes plastic words that come in conversations but contains some really good advice! - Go ahead read and enjoy.
Category :VC, Emerging Trends
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