ARK
1.2K posts

ARK
@Ark_Meson
Tell the universe I came from heaven. The heaven?








On one side, you have the VC, with a network. On the other, the founder, without. Just to get the attention of the VC, the founder must navigate a network of strangers to find someone who believes in their idea enough to agree to pass it on. And then they hope the VC, hearing this idea from a second-hand source, also sees the potential. Who does this nonsense work well for? It works reasonably well for founders with "obvious" ideas that have some recognisable "pedigree", who are perhaps gifted with charisma. However, none of these attributes are positively correlated with returns. They are positively correlated with generating faster markups, so it also works well as a filter for the scaled venture platforms who sell allocation to LPs. But, for most founders, it's a massive waste of time and a painful distraction to be forced to play this ridiculous ego-driven relationship game. The first thing any new VC should pledge is to not waste founders' time, because it is infinitely more precious than any VC's time. The arrogance of making founders jump through hoops for a chance at raising money is insane. Unless you believe your customers are LPs, rather than founders.








Lunar VC ⚡️





