Everything about that just makes my skin crawl. Each of those contacts is programs not getting written, customers not getting talked to, A/B tests not getting run, etc etc. I accept that fundraising is necessary for a certain class of companies, but egads, any graph that looks like that needs radical corrective capitalism.
On the plus side, it looks like AngelList is helping out on that score. I rather expect that YC & etc have similar effects.
Calling potential investors a "waste of time" just because they didn't invest or grant you further connections is a little harsh.
Its just like saying all the girls you hit on that simply weren't attracted to you were all "wasting your time", and you make some fancy graphs on the ones that do sleep with you in big green circles.
It makes you look like a pick up artist trying to find the best way to score a girl and make everyone else look bad.
http://brendanbaker.co/anatomy.pdf
Everything about that just makes my skin crawl. Each of those contacts is programs not getting written, customers not getting talked to, A/B tests not getting run, etc etc. I accept that fundraising is necessary for a certain class of companies, but egads, any graph that looks like that needs radical corrective capitalism.
On the plus side, it looks like AngelList is helping out on that score. I rather expect that YC & etc have similar effects.