WigglyNarwhal
WigglyNarwhal

What is the level of collusion among Indian VCs when it comes to passing confidential information as a gossip ?

Is there a massive information asymmetry among VCs as well ? What is the level of fluidity in the system when it comes to information sharing ? What is the extent of damage, a few VCs opinion of a startup does to the start-ups fundraising capabilities?

26mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
GroovyMarshmallow
GroovyMarshmallow

Everything is shared, we invest in many startups together too. Also winners are decided way before even competition has a chance to raise

SquishyQuokka
SquishyQuokka
Gojek25mo

Very interesting.

Would you say that it’s a kingmaker club? Where winners are chosen from the people within the community.

Ofc, funding has no implication on success but it sure as hell makes firefighting easier.

WigglyNarwhal
WigglyNarwhal

I think there is a cult WITHIN the community as well, where a few top VCs decide the winners and make money. Most of the MicroVCs also don't have these privileges as the big ones.

MagicalTaco
MagicalTaco

They pass all the information provided to them. I used to work for a startup that ended up becoming a unicorn. At any point of time, we had financials and pitch decks of all our competitors

DancingPotato
DancingPotato

How

MagicalTaco
MagicalTaco

Friends who have friends :)

SqueakyMuffin
SqueakyMuffin

Sharing a personal experience

We are college founders (just passed out) so didn't know about any of this stuff before. Just realized the extent when we were given the Termsheet by a T1 VC and the next day, got reachouts by 9 other VCs & almost everyone we were talking to offered to invest (we never mentioned a TS to them)

Infact, when I asked a senior in VC, they said everyone knew we were talking to this firm - which was so weird because just imagine if they rejected instead of giving a TS

SleepyBanana
SleepyBanana

Everything is shared like free flowing beer. Only in outside conversations it’s marked or told as confidential 😂

SquishyQuokka
SquishyQuokka
Gojek26mo

Underrated thread.

FuzzyPretzel
FuzzyPretzel

Real question should be:
Do folks get fired for sharing confidential info?

Discover more
Curated from across