What he meant was that in order to even consider playing ball, professional partners like VCs have to trust that they will have the right interpersonal, reputational, and emotional environment to operate in.
Unlike Boulder however, which rose to prominence due to the efforts of VCs like Brad Feld trying to catalyze a startup scene, Hsieh is trying to use the sheer size of Zappos to make a difference.
Why do the US VCs like Canada?
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To the extent that some start-ups and VCs remain stuck on traditional models of entrepreneurs (Twenty-something programmers in Silicon Valley), there are other VCs like 500 Startups whose entire business model depends upon leveraging underappreciated talent.
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Perhaps some of the ultra-lean approaches described by leading early-stage VCs like David Grainger (blog here) of Index Ventures and Bruce Booth (blog here) of Atlas will prove out, and introduce at least a ray of optimism into this vital but existentially challenged space.
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Not surprisingly, angels and seasoned VCs think much more like expert entrepreneurs than do novice investors.
VCs will have titles like director, principal, associate or research analyst.
The VCs all agreed that the Facebook-like interface of Chatter is a good start, yet they see entirely new application programs capable of gaining even greater adoption in corporate accounts needing CRM.
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In a like manner, proudly profess your traction to your target VCs until they either write you a check or ask you to look elsewhere.
Like it or not, IPOs and their promises of riches for entrepreneurs, employees, and VCs remain a powerful incentive.
Cloherty and other intrepid VCs say that they are learning from their mistakes, but venture investing in Russia still looks like a trek through Siberia without a map.
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