Super Investor Miko Matsumura on "Why VCs Behave the Way They Do"
Super Investor Interview Series – Episode 01: Miko Matsumura
Interviewee:
Miko Matsumura, Managing Partner, gCC (gumi Cryptos Capital)
Interviewers:
Manasvini Kothari, Media Director at the Bay Area Founders Club
Komal Vij, Director of Partnerships at the Bay Area Founders Club
Paul Fang, Founder of the Bay Area Founders Club
Journalist:
Komal Vij, Director of Partnerships at the Bay Area Founders Club
Watch the Full Interview Here:
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Long-time founder to VC
“I'd been on the entrepreneurship side for many, many years. . .I really got interested in you know, how the other side thinks, and right now that's one of my biggest passions is that VCs have their own culture and it's pretty mysterious to entrepreneurs, right?”
Addressing the Founder/VC Cultural Gap
“So entrepreneurs are often wondering why VCs behave as they do. And you know, having seen both sides, I do see that there's a really deep and fundamental cultural gap. And I think that there's huge misunderstandings between these two groups. So I'm very interested in and passionate in kind of trying to explain why VCs behave the way they do because there are reasons.”
Why VCs “Ghost” Founders
“So VCs are super famous for ghosting, right? So basically you're talking to a VC and then they just stop responding, right? So. Why do they do that? So, you know, in a sense, it's rude, right?
And entrepreneurs are often very frustrated that this happens, right? It turns out that entrepreneurs as a class are uniquely persistent. They really see any negative signal as an objection that they have to overcome, right?
And then they're very dogmatic about their beliefs. Right. And so the reward for engaging in an entrepreneur that you don't want to invest in is actually. . .potentially very negative. And there's very few scenarios where a VC gets any benefit at all, and it usually is a big minus.”
Overabundance of Money, Underabundance of Time
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