The digital outcry began after startup podcaster Greg Isenberg recounted a session where a general partner at a top-tier firm slept through an entire 30-minute pitch. The thread ignited a wider reckoning, with high-profile figures like Zynga’s Mark Pincus and WayUp co-founder Liz Wessel confirming that dozing investors are a recurring, if surreal, reality of the fundraising circuit. In some instances, the lack of engagement did not preclude a term sheet, highlighting the erratic nature of the venture capital evaluation process.
Beyond simple inattention, the stories took a darker turn. Cloudflare founder Matthew Prince revealed that a Sequoia partner once dismissed his company on the grounds that a woman, co-founder Michelle Zatlyn, could not lead a security infrastructure firm. Prince also detailed a tense interaction with Vinod Khosla, who allegedly suggested Prince fire his co-founders to seize their equity. While Khosla’s representatives were not present to offer a counter-narrative, the public nature of these allegations signals a shift in the power dynamic between capital allocators and the builders they back.

Comments (0)
No comments yet. Be the first!