Do venture capitalists brag? You bet they do. Just read an interview of Doug Leone, who has been running Sequoia Capital of late. He recently talked to attendees at the 15th Annual MIT Venture Capital Conference in Cambridge, Mass.Big Is the Enemy of Great
And Leone goes on about how Sequoia does "something that completely risks the franchise," by saying they "went to India and China"(the two largest markets on the planet)...how? By hiring people there. I call that outsourcing and if it doesn't work out, they can blame it on the local talent. I just don't see how that "completely risks the franchise".
Then Leone goes on to trash Angel investors (spray and pray types who won't be there for you) and large, late stage venture capital firms (lazy private equity managers). Just stick with firms like his, which he implies are the right size, and you won't go wrong as an entrepreneur.
One thing to keep in mind with VCs: they will go out of their way to tell you about their successes, but will hide their failures. Better to do your own homework.
Don JonesCEO, VentureDeal
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