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Craigslist takes on Sand Hill Road.html
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Craigslist takes on Sand Hill Road.html
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<html>
<head>
<link rel="stylesheet" href="styles2.css" />
</head>
<body>
<p>
I like Venture Capital. I really do. And even in the current bubble,
<a
href="http://www.dilbert.com/comics/dilbert/archive/images/dilbert2005152631215.gif"
>Vijay, the World’s Most Desperate Venture Capitalist</a
>
is a little exaggerated.
</p>
<p>
But what am I supposed to do when I put
<a href="http://www.craigslist.org/sfc/eng/124054534.html"
>a job posting</a
>
on Craigslist and get the following response?
</p>
<p>
“My name is XXXX XXXX, and I am a Principal with XXXXX, a venture capital
firm based in XXXXXXXX. I learned about your startup on Craig’s List. My
firm manages just north of XXX million in active funds. We invest in
early-stage software and Internet companies, and I would be interested in
learning more about your project.”
</p>
<p>You can’t make this stuff up.</p>
<p>
Actually, I have to hand it to the guy. One of the three things you need
to succeed in Venture Capital is proprietary deal-flow (the other two are
access to capital and good judgement). By hitting Craigslist early, these
guys are doing legwork that others eschew – they’re hunting for the next
Skype actively rather then putting their feet up on Mahogany desks and
waiting for the deals to come pouring in. Welcome!
</p>
</body>
</html>