venture capital bad behavior

Beware of ASSHOLE VCs

Before Foundry makes an investment we perform extensive due diligence. We meet with various company managers, talk to other people in industry to get their take, call current and prospective customers, exercise our own network of contacts to get background on the idea and team, perform reference checks on key management, etc. While this process varies, we’re always diligent before entering into what we view as a long term partnership with the company. What more and more entrepreneurs are realizing is that they should be doing the same kind of due diligence on their potential funders. We’ve been long time fans of this kind of reverse due diligence and always encourage entrepreneurs to “check us out” before making a decision…