Venture Capitalists to avoid
Back in January, Larry Chiang wrote an informative piece over at GigaOm on which venture capitalists to avoid.
No names are mentioned, just their characteristics. He offers a list of nine VC archetypes you’ll definitely want to avoid, just as soon as you hit the $900,000-mark.
Here are the first three to get you in the mood:
1) Mr. Armchair. He’s a Friday afternoon Chairman. He knows exactly what he’d do as board member of facebook, Google, MySpace.,YouTube. Too bad his portfolio company’s don’t get the same enthusiastic coverage.
2) Mr. One-Hit-Wonder. Yes he sold Postage.com for $200 million (and kept $15 million) so if you wanna hear war stories from the ’90s, take this GSB alum’s money.
3) Mr. Spray-n-Pray. He cites being founding CEO as his Operations experience. (Translation: He was a interim CEO for his last venture firm before company/portfolio implosion and subsequent fund implosion. His fund is a catch-all and he tries to participate in every Sequoia backed deal.
Read the rest of the article here.


