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November 03, 2006
Flickr Tells VCs Who's Talking To Who
Paul Fisher, a London-based corporate finance adviser who blogs, points out at the end of a post on user generated content that VCs don't have to ask founders "who else are you talking to", they just have to go to Flickr.
We checked to see if he's right and ran a couple of searches in Flickr for BV Capital, Atlas Venture, Esprit, 3i, and Accel, some of the VCs that are into Internet investing at the moment and therefore more likely to use or appear in an online photo sharing site.
Sure enough, you can get a pretty good idea of who's been talking to who. A bit of digging is required though to find out the context and which startups are involved. We doubt that anyone is that relentless in their search for the information edge to do the digging. But it is an interesting development.
Besides, visiting a VC's office doesn't mean a lot - they are always boasting about dealflow, meeting hundreds of entrepreneurs a year for every one deal they close. One told me last week his team of four looks at 500 companies a year. That's a lot - we get dizzy when the number of companies gets anywhere near that level and we're just covering the news, not considering making an investment.
Read - Islandoos and don'ts for sucessful social software (Paul Fisher's blog)
Posted on November 3, 2006 03:23 PM | Posted to Venture Capital | Permalink
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