I was responding to another guy's post but decided to copy/paste my response and make a whole new thread because I wanted to get your opinions:
Excuse me, but since when are VC's all of a sudden these gods we all have to bow down and kiss ass to? I haven't seen the movie yet nor do I know the story behind that scene, but I DO know that a VC's next paycheck, his ability to keep his Russian wife, ability to support his 4 kids' Ivy League tuition, and have $300 haircuts all depend on his ROI from an investment. And not only ROI, but his equity in the start up. OF COURSE he will try his best to get the better end of the deal. Zuckerberg is not his "buddy" nor is he Zuck's. Just like how drug deals go bad, it's not uncommon for a VC to fuck a startup's founder over or a start up to fuck a VC over by wasting all their money or diluting their shares.
22 year old, 44 year old, 202 year old - who gives a shit? If tomorrow a 6 year old's dinosaur clay project goes big and everyone wants to buy one, and the 6 year old walks into Sequioa Capital and says "fuck you" to a 60% equity offer, would you be surprised that a 6 year old DARE stands up to a (GASP) 50 year old harvard mba VC?
If fucking King Tut woke up tomorrow and decided to walk into the Intel Venture Capital offices and demanded he get a fair end of the equity deal on pyramid start up and that Intel doesn't try to take over his board with their dumbass non-technical execs, it's no different than if my 1 year old newborn cousin spat in a VC's face for trying to fuck him over after he found a way to cure cancer with breast milk. Age means shit. It's the value in your product and idea.
come on, they're just people, like you and me. not some kind of gods or whatnot. VC's depend on the entreprenuer - in some cases, MORE than the entreprenuer depends on them.
Every start up founder (ages 1 through 20,000) knows the general rule of thumb: Keep the VC option only as an option of LAST RESORT and only if you've exhausted your network and finances. There's a reason for that.
I hate seeing hard working smart entreprenuers walk into his VC pitch in front of a panel like it was a small penis examination on national television. I see it as the other way around - the VC's have to impress ME with an attractive equity deal or else they are not touching my idea. You, the VC, may have responsibilities to your family and your firm to keep making money. I do too - I have a responsibility to myself, my fellow co-founders, and all the hardworking unpaid interns whom we gave equity to - and most likely, they're young and vulnerable. I'm just as important as you.
There's nothing strange about Zucks' attitude.
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