No Alpha Wolves, Part of the Pack
Fund: Draper Fisher Jurvetson
Posted by Anonymous on 2009-12-22
We met with Tim and a number of other folks in the firm to look for an early stage investment.
In all of our experience, the best firms (notably First Round, Sequoia, and Benchmark) didn't have huge hierarchies and a phalanx of associates, juniors, principals, etc. It seems the larger the organization the more pack-like they become. DFJ is a perfect example of that. Getting them to pull the trigger will take a long time, so have them on your list of follow-on investors (as most people do). More importantly, when we pitched last year, they were at the end of the fund and it's likely that they have become even more stingy.
Tim Draper was cool to speak to, but he wasn't a genius. I don't think he prides himself on brilliance but on his coaching ability and loyalty, and you could see some genuine qualities to that.
Emily Melton was a great person to speak to. Honest and forthright with her comments. At the very least, she was clear on where we were.
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