I noticed many conferences have VC's panels giving feedback on pitches. And if you observe those VC's, what kind of advice do they really give?
Advice and feedback to effectively reduce the company's value, and maximize their own pricing and opportunity.
Our event takes a different approach. There are no VC's on our panel. We try to provide the companies at the event feedback from guys who work in the capital markets every day, and who know how to get capital from investors at maximum valuation, maximum speed and maximum self respect. And we feel that last item is very important, it's time, as a community, to stop groveling to investors.
We take the view that capital is a useful and broadly available commodity, not a prize that has to be won by performing impossible tasks, like a stuffed animal at a carnival.
Published on February 28, 2011 16:54