Guy Kawasaki is blogging. Sweet! I’ve been a fan of Guy for a long time, and his writings are both inspirational and informative.
Today, Guy writes about the The Top Ten Lies of Venture Capitalists. Lie #3:
“Show us some traction, and we’ll invest.” In other words, “no.” This lie translates to “I don’t believe your story, but if you can prove it by achieving significant revenue, then you might convince me. However, I don’t want to tell you ‘no’ because I might be wrong and by golly you may sign up a Fortune 500 customer and then I’d look like a total orifice.”
Guy lied though, there are only 9 lies in his list. His PowerBook ran out of juice before he could finish.