Getting ghosted by investors is a common and frustrating experience for founders, akin to dating. VCs often lack the time to follow up due to the industry's rapid growth and increasing demands. Mercedes Bent from Lightspeed Venture Partners highlights that thoughtful rejections are deprioritized to save time, while a more transactional culture has emerged among VCs. Sheel Mohnot of Better Tomorrow Ventures notes that their busy schedules often lead to missed communications, emphasizing that ghosting is less about the founder and more related to the investor's workload.
"Writing a thoughtful rejection takes effort, and when a pass won't 'convert' [to an investment], it often gets deprioritized. Not saying this is good."
"VC has ballooned at breakneck speed - more firms, more capital, more pitches. With more focus on volume and speed, there is little room for the intentionality and personal touch that once defined the industry."
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