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		<title>Ann Bernard's Comments</title>
		<language>en-us</language>
		<link>http://www.intensedebate.com/users/3938</link>
		<description>Comments by Ann Bernard</description>
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<title>Feld Thoughts : A Rant on VCs, Financial Models, and Experience</title>
<link>http://www.feld.com/wp/archives/2007/12/a-rant-on-vcs-financial-models-and-experience.html#IDComment60319</link>
<description>Thank you Janet for properly representing and ranting for all the entrepreneurs out there!!  Kudos to you.   &lt;br /&gt; &lt;br /&gt;There&amp;#039;s only one thing fund raising has made me...more and more determined to work every angle to make it work without having to be a beggar for money. There&amp;#039;s so much about those projections that don&amp;#039;t tell you anything about the type of entrepreneur you&amp;#039;re dealing with.  It&amp;#039;s been extremely frustrating to hear that it&amp;#039;s the idea and the management team they care about when all they look at is the bottom line.  What are great projections with a team that doesn&amp;#039;t know how to adapt, be creative, stay innovative handle real competition, take their product to market, and work under extreme conditions? &lt;br /&gt; &lt;br /&gt;The way I see it entrepreneurs are sitting on the good side of the table.  VCs need us (entrepreneurs) they will always need us...but the day will come I will no longer need VCs.  Then someday, the day will come when they will need me to help fund their funds. Or even better...they&amp;#039;ll want to throw money at my next idea.  I much rather be in my shoes...however delirious they might make me.  </description>
<pubDate>Fri, 28 Dec 2007 18:41:49 +0000</pubDate>
<guid>http://www.feld.com/wp/archives/2007/12/a-rant-on-vcs-financial-models-and-experience.html#IDComment60319</guid>
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