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Published on Aug 12, 2012
This video starts out just after I started telling a story about my dad calling me and having to return something, and the conversation that we started as we pondered 'online receipts' almost 3 years ago.
This is a perfect example of the massively flaws in the Venture Capital industry. I gave them a 4 minute pitch and they spent more time criticizing it than trying to understand it. Had they given me their criticism time, I could have given them the detail they said they wanted.
Also, their comments (especially the last guy in white) demonstrate they didn't listen much to what I said, know NOTHING about retail, NOTHING about consumer marketing, and NOTHING about the problems retailers face. Sure, they look like geniuses when they get to talk and the person that knows the MOST in the room about that industry (me) isn't allowed to respond.