VC Guide

Building For Founders

Anonymous fund & investor partner reviews by founders for founders.
Net promoter scores for VCs.

December 2023 Edition

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She lives up to her reputation! Smart investor and totally down to give us advice. It is just super hard to get replies and meetings with her given how busy she is. Would want to partner up with someone who can give more time to earlier stage founders.
She lives up to her reputation! Smart investor and totally down to give us advice. It is just super hard to get replies and meetings with her given how busy she is. Would want to partner up with someone who can give more time to earlier stage founders.
She lives up to her reputation! Smart investor and totally down to give us advice. It is just super hard to get replies and meetings with her given how busy she is. Would want to partner up with someone who can give more time to earlier stage founders.
Verified Investor Response:
Thank for the feedback! Am bummed to hear this, but appreciate it. The founders we've made commitments to are a super high priority to me. So please reach out if you aren't getting the time or response you are hoping for from me, it's definitely not the impression or reality i'm aiming for :).
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
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1

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While being very vocal on social media (esp. Twitter) about how founder friendly and responsive IQ is, in practice, I was disappointed with his approach to interactions. There seemed very little enthusiasm or even interest forthcoming which in turn made me feel IQ couldnt possibly be good partners for us.
While being very vocal on social media (esp. Twitter) about how founder friendly and responsive IQ is, in practice, I was disappointed with his approach to interactions. There seemed very little enthusiasm or even interest forthcoming which in turn made me feel IQ couldnt possibly be good partners for us.
While being very vocal on social media (esp. Twitter) about how founder friendly and responsive IQ is, in practice, I was disappointed with his approach to interactions. There seemed very little enthusiasm or even interest forthcoming which in turn made me feel IQ couldnt possibly be good partners for us.
Verified Investor Response:
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
Oops! Something went wrong while submitting the form.

21

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I've actually sent this email to Villi and thought it may good to share with others, as it speaks volumes about who Villi is as an investor (a very rare breed). "Hi Villi, I was writing the investor update for September today and thought of you and the advice you gave me last we talked in spring, when I was thinking of raising a round. You said, and I quote “If I was you, and this goes a bit against what I as a VC should tell you, I would keep the burn low and just keep going.” I did listen to your advice then – I stopped the fundraise the next day after talking to you. The reason, I remembered you again today is that we went cash flow positive. We are poking around and talking to a lot of investors, but the dynamic is completely different than ever before – thanks to your advice. As I am writing this email now, I realized that you are 2/2 on great advice. First one was obviously – “[redacted - another VC firm we ended up raising from when talking to Villi] are good people”. So, that is all: thank you! You, too, are good people." Villi has always been super quick and truly helpful, not in the ironic sense, even if it went against his immediate interests. True integrity and character; anyone would be lucky to have him on the board.
I've actually sent this email to Villi and thought it may good to share with others, as it speaks volumes about who Villi is as an investor (a very rare breed). "Hi Villi, I was writing the investor update for September today and thought of you and the advice you gave me last we talked in spring, when I was thinking of raising a round. You said, and I quote “If I was you, and this goes a bit against what I as a VC should tell you, I would keep the burn low and just keep going.” I did listen to your advice then – I stopped the fundraise the next day after talking to you. The reason, I remembered you again today is that we went cash flow positive. We are poking around and talking to a lot of investors, but the dynamic is completely different than ever before – thanks to your advice. As I am writing this email now, I realized that you are 2/2 on great advice. First one was obviously – “[redacted - another VC firm we ended up raising from when talking to Villi] are good people”. So, that is all: thank you! You, too, are good people." Villi has always been super quick and truly helpful, not in the ironic sense, even if it went against his immediate interests. True integrity and character; anyone would be lucky to have him on the board.
I've actually sent this email to Villi and thought it may good to share with others, as it speaks volumes about who Villi is as an investor (a very rare breed). "Hi Villi, I was writing the investor update for September today and thought of you and the advice you gave me last we talked in spring, when I was thinking of raising a round. You said, and I quote “If I was you, and this goes a bit against what I as a VC should tell you, I would keep the burn low and just keep going.” I did listen to your advice then – I stopped the fundraise the next day after talking to you. The reason, I remembered you again today is that we went cash flow positive. We are poking around and talking to a lot of investors, but the dynamic is completely different than ever before – thanks to your advice. As I am writing this email now, I realized that you are 2/2 on great advice. First one was obviously – “[redacted - another VC firm we ended up raising from when talking to Villi] are good people”. So, that is all: thank you! You, too, are good people." Villi has always been super quick and truly helpful, not in the ironic sense, even if it went against his immediate interests. True integrity and character; anyone would be lucky to have him on the board.
Verified Investor Response:
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
Oops! Something went wrong while submitting the form.

0

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I had read Jerry's blog for years and we became friendly on twitter before I started my current company. When we went to fundraise, Jerry was on the top of the list for the first angel round. He was gracious in taking the meeting, asked thoughtful questions, and made a fast, independent decision to invest. I would have appreciated it equally had he made a fast, independent decision not to. He was among our first checks, and is still active and helpful on a monthly basis. Highly recommend.
I had read Jerry's blog for years and we became friendly on twitter before I started my current company. When we went to fundraise, Jerry was on the top of the list for the first angel round. He was gracious in taking the meeting, asked thoughtful questions, and made a fast, independent decision to invest. I would have appreciated it equally had he made a fast, independent decision not to. He was among our first checks, and is still active and helpful on a monthly basis. Highly recommend.
I had read Jerry's blog for years and we became friendly on twitter before I started my current company. When we went to fundraise, Jerry was on the top of the list for the first angel round. He was gracious in taking the meeting, asked thoughtful questions, and made a fast, independent decision to invest. I would have appreciated it equally had he made a fast, independent decision not to. He was among our first checks, and is still active and helpful on a monthly basis. Highly recommend.
Verified Investor Response:
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
Oops! Something went wrong while submitting the form.

0

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Jeff is an all around awesome and laid back person. As an investor is he thoughtful about giving advice and very honest. If you're building a consumer product or brand then Jeff is really well connected in the D2C world and will always go above and beyond to promote you.
Jeff is an all around awesome and laid back person. As an investor is he thoughtful about giving advice and very honest. If you're building a consumer product or brand then Jeff is really well connected in the D2C world and will always go above and beyond to promote you.
Jeff is an all around awesome and laid back person. As an investor is he thoughtful about giving advice and very honest. If you're building a consumer product or brand then Jeff is really well connected in the D2C world and will always go above and beyond to promote you.
Verified Investor Response:
Thanks for the feedback - this legit means a lot coming from a founder who I've worked with as an investor! On a product & community level: It will be very interesting to see the scoring delta on review scores between founders who "received investment" versus those who "did not receive investment". My new goal as an investor after reading your feedback on VC Guide is to try to make sure my scores in both scenarios are roughly the same.
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
Oops! Something went wrong while submitting the form.

0

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Very flaky and snakey as an investor. Seems very friendly when you meet him but he clearly judges you based off of your value and completely dismisses you if you're not valuable to him. Awful.
Very flaky and snakey as an investor. Seems very friendly when you meet him but he clearly judges you based off of your value and completely dismisses you if you're not valuable to him. Awful.
Very flaky and snakey as an investor. Seems very friendly when you meet him but he clearly judges you based off of your value and completely dismisses you if you're not valuable to him. Awful.
Verified Investor Response:
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
Oops! Something went wrong while submitting the form.

1

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Veronica originally requested to meet with me, but everything I tried to schedule a call she was on vacation or unavailable. When I followed up after her vacation, she continued to ghost me and never returned any of my messages.
Veronica originally requested to meet with me, but everything I tried to schedule a call she was on vacation or unavailable. When I followed up after her vacation, she continued to ghost me and never returned any of my messages.
Veronica originally requested to meet with me, but everything I tried to schedule a call she was on vacation or unavailable. When I followed up after her vacation, she continued to ghost me and never returned any of my messages.
Verified Investor Response:
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
Oops! Something went wrong while submitting the form.

0

Oops! Something went wrong while submitting the form.
Andy is great. Super smart, skeptical but willing to be convinced and does a shitload of work on his diligence. He's very direct and a great communicator. Really enjoyed working with him and would strongly recommend.
Andy is great. Super smart, skeptical but willing to be convinced and does a shitload of work on his diligence. He's very direct and a great communicator. Really enjoyed working with him and would strongly recommend.
Andy is great. Super smart, skeptical but willing to be convinced and does a shitload of work on his diligence. He's very direct and a great communicator. Really enjoyed working with him and would strongly recommend.
Verified Investor Response:
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
Oops! Something went wrong while submitting the form.

0

Oops! Something went wrong while submitting the form.
I met Priya virtually after she reached out. We had a good introductory call that led to multiple calls with her and her team at Mayfield. I have great respect for their process but it went left after they did customer interviews. She said they needed to have a in-person meeting prior to submitting a term sheet which I actually respected no one is wiring millions of dollars to founders they have never met even in a pandemic. After a few calls I started to get a weird feeling she was texting me during the day with follow up questions and then all of the sudden there was radio silence. I think transparency is key in VC and if you cannot get full buy-in from your partnership you should not take founders through multiple hour long calls as well as get real customers to talk with you unless you are definitely going to put a term sheet on the table. Maybe it's the fund but this is a very old school way to get deals done and it leaves a bad taste in the mouth as a very busy founder trying to run an effective fundraising process.
I met Priya virtually after she reached out. We had a good introductory call that led to multiple calls with her and her team at Mayfield. I have great respect for their process but it went left after they did customer interviews. She said they needed to have a in-person meeting prior to submitting a term sheet which I actually respected no one is wiring millions of dollars to founders they have never met even in a pandemic. After a few calls I started to get a weird feeling she was texting me during the day with follow up questions and then all of the sudden there was radio silence. I think transparency is key in VC and if you cannot get full buy-in from your partnership you should not take founders through multiple hour long calls as well as get real customers to talk with you unless you are definitely going to put a term sheet on the table. Maybe it's the fund but this is a very old school way to get deals done and it leaves a bad taste in the mouth as a very busy founder trying to run an effective fundraising process.
I met Priya virtually after she reached out. We had a good introductory call that led to multiple calls with her and her team at Mayfield. I have great respect for their process but it went left after they did customer interviews. She said they needed to have a in-person meeting prior to submitting a term sheet which I actually respected no one is wiring millions of dollars to founders they have never met even in a pandemic. After a few calls I started to get a weird feeling she was texting me during the day with follow up questions and then all of the sudden there was radio silence. I think transparency is key in VC and if you cannot get full buy-in from your partnership you should not take founders through multiple hour long calls as well as get real customers to talk with you unless you are definitely going to put a term sheet on the table. Maybe it's the fund but this is a very old school way to get deals done and it leaves a bad taste in the mouth as a very busy founder trying to run an effective fundraising process.
Verified Investor Response:
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
Oops! Something went wrong while submitting the form.

0

Oops! Something went wrong while submitting the form.
We have been working with Nitin for five years now and he has worked for us tirelessly to find product market fit. We are a deep tech company and finding the product market fit is the hardest part for us. We had other investors who were impatient and would have killed the company. Today we have some of the largest enterprise customers in the world. We would not have reached this point without Nitin working for us tirelessly. He never stopped believing in us and kept managing the external world while we kept looking for our product market fit. What we do, very few people except our customers understand given deep tech focus of the company. Nitin has spent time understanding and learning our product and helping us simplify the story.
We have been working with Nitin for five years now and he has worked for us tirelessly to find product market fit. We are a deep tech company and finding the product market fit is the hardest part for us. We had other investors who were impatient and would have killed the company. Today we have some of the largest enterprise customers in the world. We would not have reached this point without Nitin working for us tirelessly. He never stopped believing in us and kept managing the external world while we kept looking for our product market fit. What we do, very few people except our customers understand given deep tech focus of the company. Nitin has spent time understanding and learning our product and helping us simplify the story.
We have been working with Nitin for five years now and he has worked for us tirelessly to find product market fit. We are a deep tech company and finding the product market fit is the hardest part for us. We had other investors who were impatient and would have killed the company. Today we have some of the largest enterprise customers in the world. We would not have reached this point without Nitin working for us tirelessly. He never stopped believing in us and kept managing the external world while we kept looking for our product market fit. What we do, very few people except our customers understand given deep tech focus of the company. Nitin has spent time understanding and learning our product and helping us simplify the story.
Verified Investor Response:
Helps Founders:
10/10
Saves & Gives Founders Money:
Yes!
Needs to be Profitable?
Nope!
Is This For Real?
13/10
Founder Guarantee?
Nope!
Fees?
Unlimited cards. Zero fees.
Spend Control & Transparency?
13/10
Built to Save Founders Monay?
Yes!
Oops! Something went wrong while submitting the form.

0

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