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	<title>HipMojo.com</title>
	<link>http://watchmojo.com/web/blog</link>
	<description>Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&#038;A, Financing, VCs</description>
	<pubDate>Fri, 20 Nov 2009 15:29:08 +0000</pubDate>
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		<title>Bad VC Habits</title>
		<link>http://watchmojo.com/web/blog/index.php/2008/04/25/bad-vc-habits/</link>
		<comments>http://watchmojo.com/web/blog/index.php/2008/04/25/bad-vc-habits/#comments</comments>
		<pubDate>Fri, 25 Apr 2008 20:34:13 +0000</pubDate>
		<dc:creator>Ashkan Karbasfrooshan</dc:creator>
		
		<category><![CDATA[Internet &#038; Web]]></category>

		<category><![CDATA[Startups]]></category>

		<category><![CDATA[Financing]]></category>

		<category><![CDATA[Management]]></category>

		<category><![CDATA[Entrepreneurship]]></category>
<category>Entrepreneurship</category><category>Financing</category><category>Internet &amp;#038; Web</category><category>Management</category><category>Startups</category><category>Uncategorized</category>
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		<description><![CDATA[You know what I find really, really, really frustrating?
When VCs pitch to you, they talk a lot about how much they provide more than money&#8230; it&#8217;s sometimes true, oftentimes it&#8217;s not.  But what is really damning is when I am trying to contact a given company for a business development deal and contact a [...]]]></description>
			<content:encoded><![CDATA[<p>You know what I find really, really, really frustrating?</p>
<p>When VCs pitch to you, they talk a lot about how much they provide more than money&#8230; it&#8217;s sometimes true, oftentimes it&#8217;s not.  But what is really damning is when I am trying to contact a given company for a business development deal and contact a VC to have them make an introduction and nothing, nada, zilch.</p>
<p>Funny thing is VCs brag about 9 out of 10 of my investment fail, and 1 is a grand slam.  Well, well&#8230; maybe if you tried to provide more than money, then the others would not fail&#8230;</p>
<p>Any self-respecting VC should at least:</p>
<p>- respond to confirm that they got the email, and say that they have sent it in to someone at the company you are trying to reach.</p>
<p>Any proactive VC should:</p>
<p>- reply to you, thank you for reaching out, then add a contact at their portfolio company and have you follow up with one another.</p>
<p>I won&#8217;t call anyone out&#8230; but when you get an email from someone saying they are looking for a contact at a given company, for the love of all things holy act man, act!</p>
<p>You only ensure that we don&#8217;t take you seriously when you tell us a few months later that you bring more than money to the table.</p>
<p>In fact, you as a VC look foolish because it&#8217;s not like I won&#8217;t find a way to reach the company down the road anyway?  And when I do, I&#8217;ll mention: &#8220;did so and so at VC X tell you I was trying to reach you guys?  No&#8230; I am sure they meant to&#8230;&#8221;</p>
<p>All right, I feel better&#8230;  back to work&#8230;</p>
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