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VC Non Admissions
- 1. 2009 ISSUE VC NON-ADMISSIONS THINGS A VC WILL NEVER SAY Courtesy of
- 2. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 HUMILITY “QUITE FRANKLY, I’M NOT THE SMARTEST PERSON IN THE ROOM.”
- 3. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 AVAILABILITY “MONDAYS AND FRIDAYS ARE NOT GOOD FOR ME BECAUSE THEY IMPINGE ON MY LONG WEEKENDS IN TAHOE.”
- 4. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 COMPETENCE “I’VE NEVER RUN A REAL BUSINESS, AND I’M NOT GOING TO TELL YOU HOW TO RUN YOURS NOW.”
- 5. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 CONFIDENCE “I WILL NOT LET MY ABSENCE OF DIRECT EXPERIENCE REDUCE THE INTENSITY OF MY OPINION.”
- 6. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 SELF-AWARENESS “I’M STEPPING OFF THE BOARD SO YOU CAN FILL THE SEAT WITH SOMEONE WHO KNOWS SOMETHING ABOUT ANYTHING.”
- 7. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 HONESTY “IN HINDSIGHT, MANAGEMENT WAS RIGHT AFTER ALL.”
- 8. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 ACCEPTANCE “THE ONLY VALUE WE BRING TO THE DEAL IS MONEY.”
- 9. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 ATTENTIVENESS “IT WAS RUDE OF ME TO CHECK MY BLACKBERRY DURING THE MEETING.”
- 10. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 GRATITUDE “MANAGEMENT’S STRATEGIC DECISIONS TWO YEARS AGO WERE EXCELLENT. HERE’S 5% MORE OF THE COMPANY AS A REWARD.”
- 11. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 PREPARATION “I DIDN’T REVIEW THE BOARD PACKAGE AND AM NOT READY TO BE A CONSTRUCTIVE VOICE IN THE MEETING.”
- 12. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 PATIENCE “WE HAVE NO TIMELINES FOR FORCED LIQUIDITY. YOU’LL KNOW WHEN THE TIME IS RIGHT TO EXIT.”
- 13. VC Non-Admission # 1 2 3 4 5 6 7 8 9 10 11 12 EXPERIENCE “I KNOW NOTHING ABOUT YOUR PRODUCT OR MARKET, BUT MY FIRM THINKS WE NEED TO BE INVESTING IN THIS SPACE. “
- 14. i > u “JUST ONE BOARD MEETING OUGHT TO PROVE IT. “