- Joined
- Jul 25, 2008
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- 59,282
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- 113
My other partner-in-crime's dad is working at Kleiner-Perkins, and still not very useful in helping us grab $$. Even a MIT(BS)-Stanford(PhD) materials engineering pedigree doesn't seem to work any magic.
One thing I got away from that month in SV is that most of the VCs really dunno what they are pouring their $$ into most of the time, hahaha.
Cheers,
Trout
they don't. like the dot com boom, they continue to throw money at some pipe dreams while many great potentials struggle to get funding. it's harder in biotech and any field that has much ipr issues and requires a hefty sum in reaching the proof of concept stage. i contributed angel funding to a biotech startup with a great patent only to find that vc's are hesitant because it requires another year and pretty sum to obtain "positive data" in a lab environment. chicken and egg problem. they want to see customers, quick time to market, low capex and quick returns.