Referring to my last post on this blog about the behavior of some VCs I need to show the other side of the medal – the behavior, characteristics and attitude of some start-ups and entrepreneurs.
I joined my first start-up 1999. Since than I started and led three start-ups until 2007. In addition I invested in several young companies and took board-seats in some of them.
This presentation shows in a funny and critical way how start-ups are acting  (maybe a bit exaggerated and a bit caricatured):

When I joined Target Partners in early 2007 I also changed sides of the table from being an entrepreneur to becoming “One of them”, a VC. During my time as an entrepreneur I had a lot of experience working with VCs and related investment managers.  Over time I became very critical of VC’s and investment managers because in my view some of them didn’t have the kind of operational experience needed to support their portfolio companies to ensure success. They were missing the “seen it done it” expertise and sometimes they had an arrogant attitude.

I promised myself that I would try to avoid making all of the big mistakes they made including the way they conduct themselves.

Today I found a presentation which really brings it to the point (maybe a bit exaggerated and a bit caricatured):