When we raised our Series A last year, we spoke with 2 Indian VCs who were invested in competitors. They begged us to be in the round, explaining there was no conflict.
After we shared our diligence materials we never heard back from them. Our competitors got all our data.
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This isn't a "woe is me" story. It's about trusting your gut.
VCs in markets with less capital (and therefore those with more leverage) will not be as founder-friendly
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Aside from the issue of principles, this hasn't affected us in the least. Loop grew 15x over last year and we'll do it again and again and again.
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@amritxyz
You handled it well. Best to focus on our things than getting into this vicious loop.
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@Brunner1000
@amritxyz
Here's your screenshot. For more options (like dark mode), please visit .
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@amritxyz
As a fellow Indian founder who raised from some big VCs would love to chat to you about this! It’s such a shame that this happens
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@amritxyz
Somebody please create a VC shitlist with Name, Firm name, and an option for founders to enter when they ghosted you and why!! Lol
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@amritxyz
Sorry to hear, hope you had them sign NDA it can come in handy. But enforcing them can be a nightmare.
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@amritxyz
American VCs do this too. Can confirm I have been forwarded materials by my investors who “don’t sign NDAs”.
Do not, under any circumstances, share sensitive info with investors in competitors. Don’t share sensitive info with anyone unless you trust them and they are serious.
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@amritxyz
I wish someone made a list of these VCs. Would be some sort of a startup revolution against this kind of bullying.
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@amritxyz
I think it would be helpful to other founders if you name and shame these VCs, I’ve had similar experiences in the past and spreading this info would help keep new founders safe
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