Skip to main content

Posts

Showing posts from August, 2009

Funding an Entrepreneur's Pedigree

I got sucked into this debate with a friend, who is a great person and definitely not the type of investor I'm arguing against. That's why, it would be nice to hear first hand from the type of entrepreneurs I'm talking about - those who know similar startups that got funded because of better pedigree of founders, while they bootstrapped for years without investor support.
========================================

My friend is trying to explain to someone w/ a Harvard MBA why the 90% net income margin in their financial model is not believable.
-

Me
... and yet, in the end, most VCs still end up investing in people with degrees from Harvard and Stanford; coz it's takes talent to spot talent, and a lot of work to support and nurture it. If they fail, it's not the VC's fault; if they succeed, the VC made smart investment.
-
My Friend
Murali I think that statement might be a bit over the top. I know plenty of unemployed / unfundable ivy league grads. It's not a magi…