VCs without personal failure experience react negatively to startup shutdowns
Siddhartha (Siddharth) · Nansi Asks Siddhartha About Neon Fund 3, VC Career And Future Life Updates I Neon Show · May 27, 2024 · at 12:50
Neon co-founder Siddhartha discusses why certain venture capitalists turn adversarial toward founders when portfolio companies collapse.
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“VC firm is made up of individuals, right? And if those individuals haven't tasted failures or haven't tasted dirt or tasted zero in their life in the past their reaction to failure would be very negative, and rather than, you know, backing the founder at the time of the failure, when the company has become zero, when the company has shut down, and being able to be there for the founder, they are blaming the founder, and we have seen it happen in the past, right? Large investors putting the blame back on the founder, but nothing comes out of it.”
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