November 17, 2010 Source: Venture Beat
Ted Driscoll’s article The many definitions of a VC’s “no” was featured as a two-part article on Venture Beat.
“Last year, Claremont Creek Ventures was exposed to over 500 startup ideas and entrepreneurs. As is probably typical in most early stage technology VCs, we ultimately invest in less than 1 percent of the deals we see. That means we are saying “no” at least 99 times for every time we ultimately say “yes”…”
Read the article and readers’ comments here.