Bleet: Big VC’s aren’t always the best choice

What’s a Bleet? A blog entry that really should be a tweet.

Naval and Nivi (venturehacks) posted an interesting tweet today:

Chris Dixon on the problem with taking seed money from big VCs: http://j.mp/2BHIPe. Some solutions: http://j.mp/4hFSsL

I agree. I think there’s cachet value in having a large VC invest and based on Chris’s (IMO correct) views you need to decide if that value is worth the extra equity you’re giving up. The only scenario I can think of where cachet adds tangible value for founders is if you’re grooming the business for IPO or exit.