A Quote by Dave McClure
The last 10 to 20 years you’d think that it has been all about VCs making money, because that’s all we hear about. But really it is all about VCs failing and failing to return capital and being f**king idiots. VCs are stupid. They are absolutely stupid. Does anyone want to challenge that statement? Does anyone think that VCs are not stupid?
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VCs are used to being the gatekeepers of capital. There's this old narrative of entrepreneurs going hat in hand begging VCs for money. That absolutely is not the world we're in anymore.
If your business had no risk, you could go get a bank loan and call it a day. VCs like risks - without them, venture capital wouldn't exist. But they need to be risks that VCs are good at assessing and managing.
When I participate in a Series A deal with VCs, entrepreneur-friendly terms go out the window. VCs remain attached to age-old traditional industry terms. 'Ratchet,' 'carry,' 'vetoes' - you name it.
There are not enough female VCs in an industry so traditionally dominated by males. There are not enough female mentors who are actively engaged with female founders. We need women VCs and entrepreneurs to stand up, get loud, and help guide their peers.
Stupid religion makes stupid beliefs, stupid leaders make stupid rules, stupid environment makes stupid health, stupid companions makes stupid behaviour, stupid movies makes stupid acts, stupid food makes stupid skin, stupid bed makes stupid sleep, stupid ideas makes stupid decisions, stupid clothes makes stupid appearance. Lets get rid of stupidity from our stupid short lives.
It's an old - and true - cliche that VCs rarely actually say 'no' - more often they say 'maybe', or 'not right now', or 'my partners aren't sure', or 'that's interesting, let me think about it'
I am perhaps being charitable but I think there are a bunch of people out there who feel stupid. Some will be feeling stupid for stupid and evil reasons - HEY, TRUMP HASN'T DEPORTED ALL THE BROWN PEOPLE YET - and some will feel stupid for good reasons, such as that he lied about everything. But I think being made to feel stupid is damage.
VCs are good at asking questions.
We've talked with over a dozen VCs and angel investors over the years. But we've never clicked with any of them until Andreessen. During our initial meeting, we were bouncing ideas around about where Imgur could go.
The bad news is that most traditional VCs have a youth bias that they will state very overtly. You always wonder if that's a self-fulfilling prophecy or if it's something about the nature of those businesses.
My early interactions with VCs were really, really poor.
Kauffman Fellows is not necessarily for people just entering the venture industry but for experienced VCs looking to accelerate their growth. The program is centered around established innovation leaders - if you are looking to grow and become a better investor, you should think about doing this program.
My Master... Say all you wish of me. It does not matter to me:Shallow.. Stupid.. Crazy.. Simple minded. It does not concern me anymore. For whoever writes about her concerns. in the logic of Men is called a stupid woman. and didn't I tell you in the beginning that I am a stupid woman?
People were paid lots of money to make stupid decisions, people in big banks, and when people are paid to be stupid they'll be stupid. The question was, did they know they were being stupid or were they just stupid? I think you need to take it on a case by case basis. There was some sinister activity, but I think by and by it was people being incentivised to do the wrong thing.
isaac knows how stupid i find these things, and he finds them just as stupid as i do. like lol. now, if there's anything stupider than buddy lists, it's lol. if anyone ever uses lol with me, i rip my computer right out of the wall and smash it over the nearest head. i mean, it's not like anyone's laughing out loud about the things they lol. i think it should be spelled loll, like what a lobotomized person's tongue does. loll. loll. i can't think any more. loll. loll!
VCs, angels and other networks help you validate your ideas.
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