Fund: Andreessen Horowitz
Posted by Matty on 2009-10-12
We pitched Frank Chen based on a previous relationship with him. He was warm, coached us on how to get our package "ready" for him to present to Ben and Marc, and took a second meeting to help us refine our message. Even brought in some other "experts" in our field (from inside their organization) to provide feedback.
They passed, based on sector, and took a post mortem call to help us get a feel for why/how we could do better. We came away with a feeling that "this is fundable" and that "this is a much-needed solution" but just wasn't in their strike zone. Fair enough. And quick. Friday submission/meeting, and Tuesday response.
These guys are doing venture investing the way it used to be. Real relationships and real help.
Would look forward to pitching them on another idea when/if one comes up that is "in their strike zone." Good guys. Class act. Class organization. Hope they make it. I look forward to working with them one day.