“How many crappy startups are there?” I asked Dave and Alain, two partners at the VC fund where I was an EIR (Entrepreneur in Residence). We had just sat through another pitch from a hopelessly lost CEO.
“Too many,” Dave said and we all laughed. Then Dave continued, “And remember, these are the companies we meet with face to face. There are another two companies we don’t meet with for every company we do meet with.”
