What is the level of collusion among Indian VCs when it comes to passing confidential information as a gossip ?
Is there a massive information asymmetry among VCs as well ? What is the level of fluidity in the system when it comes to information sharing ? What is the extent of damage, a few VCs opinion of a startup does to the start-ups fundraising capabilities?
Everything is shared, we invest in many startups together too. Also winners are decided way before even competition has a chance to raise
Very interesting.
Would you say that it’s a kingmaker club? Where winners are chosen from the people within the community.
Ofc, funding has no implication on success but it sure as hell makes firefighting easier.
Anise Nadeen
Stealth
a year ago
I think there is a cult WITHIN the community as well, where a few top VCs decide the winners and make money. Most of the MicroVCs also don't have these privileges as the big ones.
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They pass all the information provided to them. I used to work for a startup that ended up becoming a unicorn. At any point of time, we had financials and pitch decks of all our competitors
Jordon Hyrum
Stealth
a year ago
How
Matilda Lee
Stealth
a year ago
Sharing a personal experience
We are college founders (just passed out) so didn't know about any of this stuff before. Just realized the extent when we were given the Termsheet by a T1 VC and the next day, got reachouts by 9 other VCs & almost everyone we were talking to offered to invest (we never mentioned a TS to them)
Infact, when I asked a senior in VC, they said everyone knew we were talking to this firm - which was so weird because just imagine if they rejected instead of giving a TS
Blair Taye
Stealth
a year ago
Everything is shared like free flowing beer. Only in outside conversations it’s marked or told as confidential 😂
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