> It can also help to have something else: a chip on your shoulder. Josh Wolfe, of Lux Capital, is fond of the phrase "chips on shoulders put chips in pockets." Feeling left out, excluded, or estranged can make you extremely competitive. VCs want founders who are willing to commit to low-probability ideas — ideas they think the rest of the world is wrong about — for a decade or more. What motivates a person to do something like that? Wolfe, who grew up in a single-parent home in New York's gritty Coney Island neighborhood, told me he thinks there's a common answer: revenge.
At this time, I'd like to ask all the VCs to form an orderly line in front of my desk, and to have their checkbooks ready.
They would if you had a really good low risk deal for them to invest in, like if you had a history of great successes, or if your product is already famous and you just need money to ramp up.
Because other investors wont line up and lick your boots? Not sure why that would matter, but it wasn't my idea, I guess some just like attention and seeing people grovel before you makes them happy and take VC funding when they probably could have gotten a regular loan instead.
VCs are often connected to other founders, or have a greater network of contacts, which they can tap into to promote your product. They can give you money AND exposure.
At this time, I'd like to ask all the VCs to form an orderly line in front of my desk, and to have their checkbooks ready.