Thanks to Ask the VC for catching Rick Segal’s More favorite VC phrases, an amusing phrase book routine for dealing with venture capitalists. Segal mocks five common phrases you’ll learn to hate when and if you start really dealing with venture capital.
Which reminds me of two must-read Guy Kawasaki posts, along the same lines:
- Top 10 Lies of Venture Capitalists: which is actually nine lies plus as amusing explanation for number 10.
- Top 10 Lies of Entrepreneurs: including several of my personal favorites, “patents make our product defensible” and “all we have to do is get 1% of the market.”
Somewhere in the midst of these phrase book thoughts is the fact that when VCs are talking to entrepreneurs, “yes” means “maybe” and “maybe” means “no,” but that’s not included in these lists.