VC’s From Top Firms, And Naval From AngelList, Talk About What They Are Looking For

VC Panel, TechCrunch Disrupt,Startups,Tuesday morning at TechCrunch Disrupt NY 2013, Mike Abbott (Kleiner Perkins), Aaref Hilaly (Sequoia Capital), Naval Ravikant (Angellist) and David Tisch (Box Group) were part of a panel moderated by TechCrunch co-editor Alexia Tsotsis, called “Lot’s of Venture, but what’s to gain”.

With Venture Capital firms shrinking and the rumored “series A crunch” entrepreneurs and startup founders have a lot of questions. One of those is what are the different firms looking for, and even more than that, what are the individual partners at each firm looking for.

Each of the panelists fielded the question. Ravikant talked about how important it is to build a network when preparing to pitch VC’s.

Overall the VC’s and Angel (Tisch) on the panel agreed that they are looking for disruptive companies in technologies that they know. Where some entrepreneurs may believe that a certain firm is good for them because they invested in a competitor, the panelists think that can be a bad idea. Obviously the firm feels they already have the winner.

Abbott pointed out that in the case of this particular panel, all of the investors had actually started their own company. Ravikant is still currently running his. Having started their own companies gives this group of investors an advantage of being in the shoes of the entrepreneur.

Hilaly spoke later in the panel (not in the video) about the days of having to drive up and down Sand Hill Road and getting doors slammed in his face and dreams burned, “entrepreneurs have a lot ore resources available to them now”, of course one of those big resources is Ravikant’s Angel List.

Check out the video below to shed some light on what investors are looking for.

David Tisch is tired of thisĀ bullshit that VC’s tell women founders.

Disrupt-BD

 

750x100

You Might Also Like

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>