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Straight Out of the VC Playbook

Fund: Canaan Partners

Posted by Anonymous on 2007-08-23

PUBLIC:

Working with Canaan and John Balen was like watching a mediocre movie about taking venture capital investment. At every stage from early on pitching through the Board process, Balen seemed to be reading from a prepared script, and the theme was traditional counter-entrepreneur and nickel-and-dime for a sliver of return (we've all seen this film). That said, their money was good, Balen operated with high integrity and never crossed the line, no emotion, just business, and I felt like I knew where I stood. Can't say what would have happened had things gone wrong, and glad for that.

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