“Why don’t you get some more customers..and maybe, we will fund you then?”
“We are not really sure you can defend the technology”
“We don’t think this is scalable”
—
Oh well, VCs reject for so many reasons, but what’s your favorite line*?
Tell us your favorite VC Rejection line and you get to win a pass to UnPluggd. 5 randomly selected winners will get the entry ticket (for free).
Contest Rules
– Contest starts today (June 27th) and ends on June 28th.
– You can participate n number of times.
– You need to follow @pluggdin on Twitter. Winners will be DMed (on June 29th). In total, there will be 10 winners (5/day).
– Syntax: “<Rejection line/quote>” #VCSaid http://unpluggd.org
For example. “You can’t build a global product from India” #VCSaid http://unpluggd.org
———–
But for those who want to book your seat right away, hop to our ticketing partner sites (MeraEvents and Ayojak).
UnPluggd: 5th Edition Details
Date: July 7, 2012.
Venue: Brigade Millennium Campus, 7th Phase J.P.Nagar, Bangalore – 560 078.
Contact Details: srikanth@pluggd.
Ticketing Link : http://www.NextBigWhat.com/unpluggd/block-your-unpluggd-seat/ (you can also pay offline at the venue).
* : Of course, the contest has to be taken in the right spirit of fun and not so seriously by any community!
#vcsaid
#VCSaid – hashtag is started by Pluggd.in to bring some solace among entrepreneurs who often get rejected for reasons unknown. Ofcourse, this is a fun tag and is not meant to hurt sentiments of any community.
Storified by Pluggd.in Team · Wed, Jun 27 2012 09:42:25
R u trying to compete with Facebook ? #VCsaidashish bhansali
If you don’t have paying customers or turnover of min. Rs. 10 lakhs – no VC even look at your bios. #VCsaidMukesh Rijhwani
Your business plan is still not defensible. We would like to here from you when you will make this happen. #VCSaid http://unpluggd.orgJayesh Kumar
@cnha ecommerce pitch-ur plan doesnt have anything on social commerce, I don’t know what it is, u should include this in the plan #VCsaidashish bhansali
Why do you need a marketing/PR budget? —- Do apple or Google ever advertise. Great products don’t need marketing dollars #VCsaidMukesh Rijhwani
@pluggdin “I have traveled to 52 countries including Antarctica, I think I won’t use your company” #VCSaid http://unpluggd.orgSankalp Agarwal
"we’re looking for entrepreneurs who are creating new markets and disrupting the status quo" Did you actually read? Lol #VCSaid @pluggdinQuintin Adamis
We don’t invest anything less than $3 million since we’ll have to spend the same time with you as others in the portfolio #VCSaid @pluggdinAnand Jain
"cant invest in ur socks startup, but yes investing in a condom startup. what do u think, will they sell?" #VCSaid @pluggdin #truestoryViren Bhandari
"We can invest half of what you are asking for at your previous round’s valuation" #VCsaid http://unpluggd.orgAloke Bajpai
Do you see that girl. If she is convinced, i will invest in your startup. #VCsaid http://unpluggd.orgkunalkantsen
"we took another look at your deck but we’ve decided to pass because we don’t know about your industry, it’s too new to us"#VCSaid @pluggdinQuintin Adamis
"Yahan apps wapps nahin chalega boss. It only works in Silicon Valley" #VCSaid @unpluggd.orgBrij Singh
You have to change your brand name, logo and domain name. #VCsaid http://unpluggd.orgkunalkantsen
People will never look up eating options on a site before going out. #VCSaid @pluggdin @burrpAnand Jain
"do you think companies like flipkart will buy your startup? if not, then cant invest in ur startup" #VCSaid @pluggdin #truestoryViren Bhandari
Next thing is Big Data. Why don’t you look at that, since your services are similar to that. #VCSaid @pluggdinShun Subramanian
You are a college dropout. How can you sustain a business? #VCSaid #Unpluggd http://unpluggd.orgIshan Vyas
We really like your idea and the team. Lets keep in touch and see how the traction builds. Do keep us posted with the progress #VCSaid @cnhaKulin Shah
"We will invest 100K but we need 51% of the company shares" #VCSaid @pluggdin #truestoryViren Bhandari
@pluggdin In my 1st round, one big #vcsaid to banker: Everyone worth raising fund in this business has already raised. Who is this guy?:)Vss
"CLOUD — How do you intend to make money ? Paisa kaise banaoge ? Paisa kya #CLOUD se barsega ?" #VCSaid http://unpluggd.org @unpluggdGirish Kulkarni
"You’ll get money from many but not the kind of VALUE we can add to your startup" #vcsaid http://unpluggd.orgSagar Bedmutha
A big company is entering the same space, your startup will struggle #VCSaid @pluggdin #FunContest #UnPluggdSantosh Panda
Can you wear full pants in your next presentation? #VCSaid http://ping.fm/W5LG3Birla
“It’s beyond our wildest imagination to value your company to X ". #VCSaid http://unpluggd.orgkunalkantsen
Your idea is amazing, mind boggling but your organization is very unorganized. #VCSaid #Unpluggd http://unpluggd.orgIshan Vyas
"Penetration is low and can’t avoid high risk, i have to think of (investor) protection " #VCSaid http://unpluggd.org #TrueStoryKris Nair
Anyone can rip your product overnight, how will you make sure you survive? – Thats what #VCSaid @pluggdinShubhs
I am ready to invest but my wife’s – brothers – daughter would join the board. Agree? – Thats what #VCSaid @pluggdinShubhs
"This is NOT interesting. Not in its current form" #vcsaid http://unpluggd.orgashish sinha
The main purpose of this meeting is to decided on the date for next meeting – thats what #VCSaid @pluggdinShubhs
No body ever has done business in your family before. What makes you believe you can do business? thats what #VCSaid @pluggdinShubhs
can you further refine your business plan? Thats what #VCSaid @pluggdinShubhs
We’re in it together #VCSaidSumit Jain
“You have no understanding of business” (My entire family is into business) #VCSaid http://unpluggd.orgSandeep Laxman
"Not a great idea. Instead, why don’t you guys join one of our portfolio companies" #VCSaid http://unpluggd.orgashish sinha
"We don’t like to fund IITians" #VCSaid #LoserTalk http://unpluggd.orgSandeep Laxman
I’m not the Vice Chancellor of Delhi University to tell you how much you need to invest to get an admission in DU, #VCSaid.Sushovan Chaudhuri
“We’ve experienced rather contrary to your forecasts from our previous venture involvements in same sector” #VCSaid http://unpluggd.orgPiyush Kant Verma
"why don’t you take a bank loan and when u scale enough then we can invest in your company" #VCSaid @pluggdinViren Bhandari
"What? No one on your team has MBA?" #VCSaid http://unpluggd.orgVasanth Sampathkumar
"You don’t have any IIT/IIM guy in your team, how can we trust you" #VCSaid @pluggdin http://unpluggd.org/Jai Anand
"I have no idea of this space" #vcsaid @pluggdinJai Anand
What you are doing now has already been done #VCSaid @pluggdin #FunContest #UnPluggdSantosh Panda
#VCSaid @pluggdin #unpluggd You seem to have a good biz. model which you have validated but we don’t really understand it so we’ll passTarun Dua
#VCSaid @pluggdin #unpluggd We r evaluating the marketplace & we’ll choose from amongst the winners but please educate us moreTarun Dua
#VCSaid @pluggdin #unpluggd You’ll need to capture 90% of the current market for us to make moneyTarun Dua
#VCSaid @pluggd #unpluggd We need more data points to discuss with our senior partners in US :-)Tarun Dua
U r working in right direction but currently the ticket size is too small for us. We will definitely interested in later rounds #VCSaidTushar Bhargava
#VCSaid Remember to tell me that is b . s . — http://bit.ly/LAS6avElynor Croft
We dont know how scalable this is. #VCSaid @pluggdinV
“Not this time guys, may be in the next meet” #VCSaid http://unpluggd.orgKishore
Can you clone flipkart for me? That’s what #VCSaid @pluggdinShubhs
"what if facebook or google makes the same product after few months? No the business is too full of risks" #VCSaid @pluggdinViren Bhandari
#VCSaid We always look for the scale factor. Where’s your Pivot?Salil Punalekar
"Wait. Did you say Mumbai Angels is doing due diligence on you!?" #VCSaid #pluggdinV
"socks are a boring product for us to invest in, if someother VC firms invests in you then we will also invest in money" #VCSaid @pluggdinViren Bhandari
"the other patner’s last firm made an investment on something like this 4 years back & he feels the rate of returns are low" #VCSaidKris Nair
"This has not been tried before. Well, it looks risky then" #VCSaid @pluggdinpj
"I don’t understand why are you trying to make a global product?" #VCSaid @pluggdinpj
"Your idea is pure awesome, but why can’t you add more commercial aspects to it?" #VCSaid http://unpluggd.orgVasanth Sampathkumar
There isn’t enough market for such a tech product yet. May be you should make it more desi #VCSaid @pluggdinShubhs
"the other patner’s last firm made an investment on something like this 4 years back & he feels the rate of returns are low" #VCSaidKris Nair
Given the risk / reward profile that we look for it is a bit too early for investment #VCsaid #UnpluggdPratyush
I like you guys. Can you work on some other idea so that I can fund you? #VCSaid @pluggdinBirla
"You are great hackers/developers but we don’t think you can build a company off this idea" #VCSaid http://unpluggd.orgGSVN Praveen
"What will happen to our investment if you die" #VCSaid @pluggdinKartik Raichura
"you know, investment committee is a bitch!" #VCSaid http://unpluggd.orgKris Nair
“You’re too blunt.” #VCSaid http://unpluggd.org #my_fav_vc_rejection_lineHitesh Gupta
“Let’s keep chatting.” #VCSaid http://unpluggd.org #my_fav_vc_rejection_lineIndus Khaitan
" indinas will never buy electronics online" #VCSaid http://unpluggd.orgRoshan
"we have invested in a Bluetooth company and I think we’ve covered the telecom investment thesis, sorry" #VCSaid http://unpluggd.orgKris Nair
“We are in stealth mode, so we cannot fund you right now” #VCSaid http://unpluggd.orgnutanc
My friends from <big XYZ company> are working on this and you will not able to compete. #VCSaid http://unpluggd.orgkunalkantsen
"But it is already funded by other VC" #VCSaid #Unpluggd http://Unpluggd.orgBhuvan thaker
"Your business concept is innovative and little ahead of its time" #VCSaid #Unpluggd http://Unpluggd.org http://bit.ly/M30Tn2Bhuvan thaker
“It’s great idea! But big companies like Google might enter into it n you’ll be killed” :O #VCSaid http://unpluggd.orgSagar Bedmutha
We don’t see any compelling reason for consumers to buy from you. #VCSaid http://unpluggd.orgPrasanna Venkatesh
“It’s already there. Over-crowded market.” #VCSaid http://unpluggd.orgSagar Bedmutha
It’s just like Groupon. There is no USP. #VCSaid http://unpluggd.orgYoungblah
"The market you are in i very small ” #VCSaid http://unpluggd.orgRoshan
"Not every successful Business Model is VC fundable ” #VCSaid http://unpluggd.orgAbhishek Mathur
“<value of a idea is zero! >” #VCSaid http://unpluggd.orgRoshan
“<you have a great product but we don’t invest in hardware statups>” #VCSaid http://unpluggd.orgRoshan
"I am traveling out of the country. Can we connect after 3 months?" #vcsaid http://unpluggd.orgashish sinha
