economy
Founders share VC horror stories, and some are naming names
A massive viral conversation sharing VC horror stories has taken place this week on X. Some are weird. Some are infuriating.
TL;DR
- Founders are sharing "VC pitching horror stories" on X, with VCs sleeping during meetings being a frequent occurrence.
- Despite sleeping through pitches, some VCs still proceeded to offer term sheets.
- Other common issues include VCs ghosting founders after committing to invest or making offensive comments.
- Cloudflare founder Matthew Prince shared stories of a Sequoia partner passing on investment due to gender bias and Vinod Khosla suggesting a founder fire co-founders.
- Marc Andreessen's firm also received mention for its demanding pitch meetings.
- The stories highlight the opaque nature and power dynamics in the fundraising process.