@JosephJacks_ Oh man, you'd be heavily trolled because you said "indian".
There are bad apples everywhere; at some places, they could be more significant.
Have seen plenty of shitty term sheets, & plenty of shitty founders too. Loan sharks & shady founders, both come in various outfits.😊
No need for any more cold emails!!
I am not an investor (so no biases) but am a huge fan of
https://t.co/aWvTFGtElh.
It shows founders who's actively investing in your space, at your stage and who is the best to speak to. They have ~170k investors in their database and also map the warm intro path (maybe most important!).
This is how fundraising should work.
There is equal amount of smoke, mirror, & grift in "top VC".
Not going away anytime soon because they (those GP types) exist for a reason.
The key lies with individual VC/GP..always.
Honestly insane how many of these tier 1 backed VC companies have the same story:
-cofounders from some prestige background sell VCs on some pie-in-the-sky concept that no one wants
-raise $100m+
-hire random roles like a chief AI officer for a non-AI startup
-have 0 users
-exit via OTC deals becoming a multi-millionaire
-“step back” right before vesting renews
IP protocol made $24 in revenue yesterday.
The pitch has also never made sense to anyone who has actually worked with IP licensing.
Meanwhile founders who know their industry inside and out, aren’t flash in the pan and spent decades in their field get passed over for the next Stanford kid with buzzwords who puts on a show.
I’ve tried to always have my angel checks go to actual experienced operators, with all the pros and cons that go with it.
But it’s so disheartening that even the “top VCs” just seem stuck on this loop of rewarding flash over substance.
How the hell do we advance as an industry, if you throw money at smoke, mirrors and grift?
@adamscochran There is equal amount of smoke, mirror, & grift in "top VC".
Not going away anytime soon because they (those GP types) exist for a reason.
The key lies with individual VC/GP..always.
🚨 Hey folks I got something to announce:
I am launching a new investment fund brand:
Prototype Capital 🦾
A globally-active first-check investment fund.
We focus on cool stuff that's technical hard to achieve, but also still new enough to be a bit weird – globally.
Think Robotics in Eastern Europe, AI in SF, Software remotely, OpenSource SaaS, Space-tech in India, Reindustrialization of Europe, AI Agents in Brazil, among many others…
- $100k-$200k
- we say we invest early and we actually mean it
- with every 5th investment we are the first to commit
- only 6% of all ivnestments were after seed
- the brand will be a larger umbrella for all kinds of stuff from our own prototypes 😬, to streams, to communities, to investinpublic transparency efforts
- this is legally speaking a rebrand of my previous solo GP fund so we got track record to proof
- we do about 15-20 investments per year
Link in thread! 🔥
Please RT if you got a sec – Appreciate your launch support 🙏❤️
@thealepalombo Imho..SF should not have come to this..level of extreme contradictions.
It's a case study in how not to.. real culprit is politics & its so divisive..
Europe is put down by 3rd world level bureaucracy by unelected EU..Europeans (I have worked with/in #DACH), dislike it; no choice
No other form of entrepreneurship carries the risk that real estate development does.
Imagine losing your entire billion dollar net worth on a single real estate development.