Great insights from one of the guys behind meebo.com.
Folks are fond of saying that VCs have so much money they need to invest that they’re just giving money away. This really isn’t what’s going on. It’s true that VCs have pretty sizable amounts of cash to invest in promising startups, but the result is that they’re very careful with their time. They want to believe that your company is really exciting, can become a big business, and that it’s therefore something they’d like to spend their time on.
Read more of this entry from the meebo blog.