Flutterby™! : F'd Companies

Phil brought F'd Companies by Philip J. "Pud" Kaplan to Scotch Night last night, I read a bit of it on the bus on the way in. Entertaining, nothing new to any regular reader of FuckedCompany.com, but it does help me clarify something. When I've gone with a couple of engineers to attempt to find funding in the past, we've looked to the Vulture Capitalists as people who could bring business acumen to our enterprise. Wrong. VCs are people who've schmoozed a lot of rich folks. The best may have a track record, but likely most of them don't, they're generally just a different set of scam artists preying on promising a return to rich old folks who don't feel like they have the acumen to make their own investments any more. To them, we're just a commodity that they're going to have to sell to their investors. Out here near Silicon Valley we have this mythology that VCs have built around themselves, but if we engineers are really serious about finding funding attached people who complement our own skills, VCs are not who we should be looking towards.