Founders have shared VC horror stories, and some are naming names

Founders have shared a lot of VC horror stories on X this week. Greg Isenberg, a podcaster and founder, has started the conversation. He has described how a VC fell asleep during his pitch meeting. The VC was asleep for over 30 minutes, but nobody acknowledged it. This has turned out to be a very common experience. Many founders have come forward with similar stories. Mark Pincus has also shared a story about a sleeping VC. Liz Wessel has reported that a partner fell asleep while another scowled. Her team has received a term sheet but they have turned down the money. Travis Kalanick has told a story about following a VC to his car to finish his pitch. Matthew Prince from Cloudflare has shared the most stunning stories. He has claimed that a Sequoia partner passed on Cloudflare because he didn't think a woman could lead a security infrastructure company. Cloudflare has become a massive company with an $87 billion market cap. Prince has also talked about Vinod Khosla. Khosla has apparently suggested firing co-founders. Prince has blocked his number and has never spoken to him again. Some founders have reported good experiences with VCs. However, poor experiences have been so common that Mark Pincus has said founders no longer have to be afraid to call out VCs. The conversation has brought up many interesting points about founder-VC relationships.