OT
Amy,
But one thing about VCs, is they don't like risk. They are incredibly risk adverse. They aren't interested in solving industry problems. They're financial people, not high-tech folks wanting to crack an industry problem. With absolutely great respect for their great intelligence (and these folks are incredibly smart), but you could sort of describe their method of investing similar to a sleazy date: they like it easy and want a homerun. And when all the hard work is done, and all the risk is ironed out, then they come to the party to play. (I'm being sarcastic, of course).
I can relate to this. When I worked as a Research Assistant, we were working on a very promising method of diagnosing breast cancer, using Cathepsin D-31. All of our studies pointed to a statistically meaningful detection rate, and yet no drug companies would give us money to help with the research expenses. They only wanted in after all of the research was complete and the results were clear. By that point, I think it goes without saying, we would no longer need them!
Too many people today want the reward without taking the risk; I don't believe it is confined to just the VC guys.
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Regards,
Brian |
