Being Able to Say No to VCs

Bastian Lehmann, CEO of PostMates, recently shared at Startup Grind and with Business Insider, his experience ignoring VCs and it struck me as one of the greatest reminders of the year. The ability to write a check by no means makes one right but neither does it make them wrong.

Hi Mike,

This is a great way to think about how to categorize the nuggets among the rocks of startups. One question is do you create a sluice box effect or do you use the suction dredging technique?

The first requires you to dig up a bunch of dirt and pound it out with a lot of water and hope for the…

“If you don’t think there are enough great companies in Austin, build one. Brett Hurt did. If you don’t think there are enough angels in town, write a check. Dan Graham did. If you don’t think there are enough venture funds, raise one. Krishna Srinivasan did.”