My First VC Meeting — A Tale Of Brutal Rejection
Eli Portnoy
31520

Some of VCs have never founded a single company and have never been in the enterpreneur’s shoes. Yet they manage 8+ digit funds. Many of them, being “just” financial managers, feel special about it.

Other VCs have been founders with own failure and success stories. Probably they would be more empathetic if even your business model would not fit into their fund’s profile.

And one more thing we often forget, is an ongoing pressure on VCs from their LPs. To raise further funds and stay in the fame, VCs need to return the fund meaning they need to allocate all the money and have at least one company flying high, with the exit in time. This is quite an obligation considering a high level of uncertainty with early stage startups and volatile markets.