Any reviews for Better Capital (Vaibhav Domundkar)?
Have learnt from fellow founders that he has habbit of going back on his word after giving termsheet. He does not have a spine and only relies on FOMO to invest. Another founder told me that he is known for throwing his founders under the bus in crisis situations.
He certainly relies on fomo to invest, he invested in several crypto cefi platforms during peak 2021 mania without any understanding of crypto as technology
CaptainPlanet
Stealth
a year ago
Yes and now barking about AI on Twitter without any understanding of AI
The real losers are LPs who get sold on the salesman tactics of these VCs
It's all LP money that is going down the drain, and they have their own stupidity and greed to blame, no one else
Never in your life trust Vaibhav. He did the same with me earlier. Showing interest and making false promises to invest. Later turned his back, without giving any reason. You cannot trust him at any point in your life. His burning portfolio is his karma.
CaptainPlanet
Stealth
a year ago
He says yes to every founder in the first call. Asks them to cut down all other conversations. At the last moment, ditches founders or renegotiates
In terms of moneybags, he is probably top 10% investor.
Talks 10x shit on Twitter and linkedin, but in real life meetings, not so much.
Doesn't disturb you much, the biggest benefit
He was one of only a few who understood the problem we are trying to solve and gave meaningful feedback.
Was nice to talk to in our investment meeting. I definitely came out with positive vibes after his meeting despite the talks not going further
Majorcapital786
Stealth
a year ago
One of his portfolio in saas has pretty bad things to say about him. Guy kept pushing founders to go with US gtm and when things didn't pan out in time, ditched them when they needed more capital to prove out. Fomo investor not putting money where mouth is like so many others out there.
It's a very unique model. He's a solo GP but a very active investor (although it went down significantly after 2022)
They basically come up with theses they want to get into. Strictly do not talk to founders outside of those theses.
And he's snappy at decisions, I've heard one meeting is all it takes for him to write a cheque.
It seems like a spray model, but with some thought, and his own learnings of killing it at SaaS. I think a few years out, if Better does well, it will definitely be a model to follow.
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