Thursday, March 24, 2005
The Art of Saying “No”: Part 1
Bill Burnham opines on why rarely do VCs give you an explicit "No" - instead they string you out, or worse steal your ideas for a competitor of yours they've just funded.
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Documented cases of outright stealing would be hard to find. It is not uncommon to have the VC that funded you calling and saying "I met with this guy and he has this angle that is interesting."
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