Bill Reichert: Top 10 Lies VCs Tell Entrepreneurs

Bill Reichert: Top 10 Lies VCs Tell Entrepreneurs
Bill Reichert, of Garage Technology Ventures, says entrepreneurs use phrases that VCs perceive as white lies, while VCs use euphemisms for what they really intend when they talk to entrepreneurs. Recorded: Jan. 31, 2007

12 thoughts on “Bill Reichert: Top 10 Lies VCs Tell Entrepreneurs

  • August 31, 2010 at 1:25 pm
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    Thanks. I am listening to this while at work – working for someone else – dying to start my own business. Your video has touched at least one guy on the other side of the world. Thanks for uploading. Greetings from the U.K.

  • October 30, 2010 at 6:41 pm
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    Excellent video. Thank you for posting, this man can explain in an hour what would take a very long time to learn on ones own.

  • March 23, 2012 at 2:22 am
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    VCs sounds a lot like feces. Must be some connection

  • April 18, 2012 at 11:07 pm
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    Obviously, you like sucking corporate cock and coming in to a 9-5 office job or whatever the fuck you do. You, no no, America, needs them. They are needed and all know what they’re doing.

  • November 18, 2012 at 9:16 pm
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    You are the scum of the internet which is tolerated in America.

  • February 26, 2013 at 8:37 pm
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    Great advice here but the word ‘lies’ to describe forecasts is a poor choice of words. Forecasts for years 3-5 is primarily to show the *scale* of the team’s ambition and vision for their venture. The mindset that we’re all lying from the outset would make me question if the VC is someone ethical and worth talking to.

  • April 4, 2013 at 3:30 pm
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    Bill, Excellent job. Your rules and especially examples make this one of the most valuable talks for anyone who is looking to raise capital — whether via banks or vc’s. Hope you enjoyed standing in the front of the room, where we used to sit in the audience furiously taking notes! Best, Madelyn

  • May 26, 2013 at 12:16 am
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    Lie 8 really only applies to Digital where IP offers no protection. In life sciences being first mover is a integral.

  • September 9, 2013 at 3:16 am
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    Is it just me or did he underestimate the intelligence of his audience? I feel like everyone was bored as hell in that room. Good information though.

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