TheFunded re: VCs

Posted April 3, 2008, 6:51am In: VC/Funding Related

I read an article on TechCrunch that summarized Adeo Ressi speaking at Next Web.

Now, there’s a dozen ways to skin a cat - a morbid metaphor if ever there was one - and it seems that everyone has something to say based on their experiences. Of course, some are more credible than others, but let’s try not to forget that these are opinions, not writ or law. I can point out a couple statements that would have some VC folk grabbing their pitchforks and going on a witch hunt.

It’s easy to forget that people that give advice, however good their intentions, might have their own agenda; surely the reason that thefunded.com was started is enough reason to take anything that Adeo says with a grain of salt. Don’t take what anyone says about receiving large sums of money as doctrine.

That said, I’m not saying that the multitude of things people say are wrong or right. Simply that it’s up to us, the founders, funded and those (like me) in between, to make up our own minds.

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2 Responses...

Adeo

To clarify, the purpose of my talk is to give a brief synopsis of views expressed by the Members of ThFunded.com after reading approximately 10,000 posts, extensive discussion, and nearly 100 added term sheets over the last 45 days. Since the 6,500+ CEOs that comprise the Membership can agree or disagree with posts, the job of sorting relevant points to make in a talk is simplfied. Ultimately, there is no formula to close a financing, but the goal is to help outline some “rules of the game” and “wisdom of the masses” in a concise format… - a

Ryan Brooks

Adeo, thanks for clarifying, but I hope I didn’t come across that I found (what was paraphrased on TC) your statements flawed! In fact quite the opposite. I did not, however, know that you were summarizing the views of masses. Thanks for that information!

-Ryan

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