TheFunded Founder Gives Startups Some Advice

[davidw]

http://www.techcrunch.com/2008/04/03/thefunded-founder-gives-startups-some-advice/

[mrtron]

What do you guys think about VCs sharing your information with others?

Necessary? Unethical?

I lean to the latter.

[tptacek → mrtron]

Fact of life?

Plied with alcohol, I could provide multiple anecdotes about VCs taking meetings solely to funnel competitive intel to portfolio companies; I did a pitch meeting once where a senior partner for a top tier VC literally ambushed us with a competitor in the room.

[davidw]

More here:

http://thenextweb.org/2008/04/03/keynote-adeo-ressi/

[redorb]

probably good advice, I wish I could only do business with friends that are trust worthy but they aren't rich. This "real world advice"

[wumi]

pg or any of the YC founders want to comment?