VCs blocked Clinton Foy from investing in Oculus's angel round
Clinton Foy · 20VC: Why You Have To Be A Good Long Term Actor To Succeed in VC & How Owning An Esports Team Could Be A $Bn Outcome with Clinton Foy, General Partner @ Crosscut Ventures · Nov 2, 2016 · at 3:58
Clinton Foy, General Partner at Crosscut Ventures and former COO of Square Enix, explains how being blocked from angel investing in Oculus inspired his pivot into venture capital.
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“I tried to get in on the angel round of investment in Oculus right after their Kickstarter. I thought, well, I'm the COO of Square Enix, this two billion dollar company. Surely I can get in. And I talked to the lawyers and talked to some of the people doing the deal. They said I could get in, and then a week later, I figured out that I wasn't in, and I was outraged. I was like, who are these people who didn't let me in? It turns out there were these VCs who wouldn't let me in, and they didn't really care that I was the COO of Square Enix.”
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