Why VCs Really Reject Startups

itwbennett writes "Instead of simply not following up with startup proposals that he doesn't intend to pursue, venture capitalist Josh Breinlinger decided to change things up and not only hear every pitch request but respond with honest feedback. For those on the receiving end of that honest feedback, Breinlinger's silence may have been golden. It turns out that Breinlinger, and perhaps most VCs, reject your proposals because you lack experience and leadership skills and your team is weak. Would you rather hear the hard truth about why your startup didn't get funded or some vague dismissal?"

Comments

Because your idea sucks

[alen]

In the 90's people were getting funded to build a website and a forum

Today it's the same thing except its called social media. Seems like every other idea I read about is a Facebook/pinterest/instagram clone

Unless you have a cool idea that solves some kind of problem like square or one of the other payment startups go back and think up of something new

Re:Hard truth

[Surt]

I wish life were a meritocracy. It'd be so much better a world to live in. The actuality is closer to a corrupt lottery.