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Suhail @Suhail
, 5 tweets, 1 min read Read on Twitter
100% agree. Founders should have to prove viability, that they're making a difference, & that their idea is exciting. VCs should compete for the best opportunities to earn outsized returns for their fund. You break that & LPs run away scarred when they see they made no money.
Founders shouldn't lie. VCs shouldn't be jerks. Neither should be over confident.
Many founders probably don't realize how much responsibility will come after raising money & hiring people. It'll be very stressful if things go south. It's healthy to pass certain litmus tests to body check yourself. People's careers are on the line.
Entitlement to easy fundraising will breed an entitlement of trophies for effort (ie: getting acquired by Google). More likely, you'll make $0 & have added no personal savings. We want it to be a challenging but fair.
What needs to be easier is fundraising for women. We have a huge unconscious bias as a male dominated industry. We expect: confidence, aggressive hustling, & ruthlessness as features of being a good scrappy founder. I am sure it's worse than just that...
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