The blogging phenomenon has been great for entrepreneurs looking for venture capital. For the first time, aside from the occasional Harvard Business Review article or the odd (usually fawning) profile in Business Week, entrepreneurs can learn a lot in advance about what and how a potential investor thinks just by reading his or her blog. People like Brad Feld, Fred Wilson, David Hornik and Seth Levine have been remarkably open and done a lot to de-mystify the whole VC world.
Most VCs I’ve met are decent and generally modest folks who are quick to admit their mistakes. But Bessemer Venture Partners is the first I’ve seen to post a “mistakes” page.
I actually pitched to Bessemer once several years ago. They passed. My company wasn’t successful enough to make their hall of fame, but my investors all did very well. That said, my own mistakes page would be enough to fill several volumes.
Thanks to Sacred Cow Dung for the pointer.