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Priya Saiprasad

Mayfield Fund

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Had a couple of meetings


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.
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