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Craigslist takes on Sand Hill Road

I like Venture Capital. I really do. And even in the current bubble, Vijay, the World's Most Desperate Venture Capitalist is a little exaggerated.

But what am I supposed to do when I put a job posting on Craigslist and get the following response?

"My name is XXXX XXXX, and I am a Principal with XXXXX, a venture capital firm based in XXXXXXXX. I learned about your startup on Craig’s List. My firm manages just north of XXX million in active funds. We invest in early-stage software and Internet companies, and I would be interested in learning more about your project."

You can't make this stuff up.

Actually, I have to hand it to the guy. One of the three things you need to succeed in Venture Capital is proprietary deal-flow (the other two are access to capital and good judgement). By hitting Craigslist early, these guys are doing legwork that others eschew - they're hunting for the next Skype actively rather then putting their feet up on Mahogany desks and waiting for the deals to come pouring in. Welcome!

Posted on Tuesday, January 10, 2006 at 01:52PM by Registered CommenterStartupBoy in | Comments3 Comments

Reader Comments (3)

Gee...and I thought I was the only venture guy doing this. Of course, VCs are plumbing the CL depths for new projects. Only going to become more common..
January 11, 2006 | Unregistered CommenterKetel
I would love to hear what you feel about VC money going into startups outside US (say, India).
While low-skill jobs are readily outsourced, what is the reason real hi-tech startups are not coming up from that part of the world ?
January 17, 2006 | Unregistered CommenterRizvi
Wow. Maybe I should jjust post to Craigslist that my company needs funding. It's not a bad idea after all.

We need a new category. Startup 4 VC. S4VC

Kevin
January 18, 2006 | Unregistered CommenterKevin Burton

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