Said Vinod Khosla, an IIT Delhi alumnus and a well-known Indian-American venture capitalist (Khosla Ventures) in an interview with TechCrunch founder Michael Arrington at the Disrupt SF 2013 event in San Francisco, California, USA on September 11th, 2013. The event is organized by TechCrunch and the interview is published on line on their website. A video recording of the full interview was also included in the related post.
Story credit : Kim-Mai, a technology journalist
Michael Arrington : Who is the VC who is the most full of shit that you’ve ever heard?
Vinod Khosla : The vast majority of VCs aren’t in a position to offer decent advice to startups. Substantially larger than 95 percent of VCs add zero value. "I would bet that 70-80 percent add negative value to a startup in their advising.” Most VCs “haven’t done shit” to know what to tell startups going through difficult times. Founders should listen politely and just do what they want to do anyway. In fact, most of them probably hurt startups.
Picture courtesy : TechCrunch.com
Vinod Khosla's Wiki Introduction
Story credit : Kim-Mai, a technology journalist
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| Vinod Khosla (Left) and Michael Arrington (Right) |
Michael Arrington : Who is the VC who is the most full of shit that you’ve ever heard?
Vinod Khosla : The vast majority of VCs aren’t in a position to offer decent advice to startups. Substantially larger than 95 percent of VCs add zero value. "I would bet that 70-80 percent add negative value to a startup in their advising.” Most VCs “haven’t done shit” to know what to tell startups going through difficult times. Founders should listen politely and just do what they want to do anyway. In fact, most of them probably hurt startups.
Picture courtesy : TechCrunch.com
Vinod Khosla's Wiki Introduction
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