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5
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We Pitched at Gc

Fund: General Catalyst

Posted by topgun on 2007-11-25

PUBLIC:

We pitched our idea to Hemant at GC -- and I don't think we did a great pitch (it was our first pitch to a VC firm) so needless to say we did not get funded. I don't get the feeling that they were ready to act in our space but they are shopping and studying the market - so when they do see something exciting they can move ahead more quickly jump in to the game. This is just being smart as a buyer goes - there were no promises about coming in to pitch them and walking out with a check. By the same token - as we have to be smart buyers of the VC's services we would be bringing in a very long term partner in the early stages of running and building a company so the onus is on both of us to make sure that we sell our company to the right partner and they buy into an idea and company that yields a partnership that is right for them. That is the whole idea of the pitch and I don't think Hemant lead us to believe any differently. The fact that he met us and gave us honest feedback about his concerns over our pitch and company was more helpful than not.

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