VCs are notorious for coming to meetings with entrepreneurs late and unprepared. This can be very frustrating for entrepreneurs for whom a meeting with a VC can be life or death, and who is contemplating a 5-10 year relationship with a guy who shows up late, flips through his BlackBerry during the pitch, etc.
Phin Barnes, a Principal at First Round Capital, has a solution: after each meeting with an entrepreneur, he will send them a feedback form so they can rate him.
After all, entrepreneurs spend their days trying to get feedback from their customers to improve their product, and VCs’ customers should be entrepreneurs, right?
It’s a great idea, and maybe if it becomes a widely-shared practice it will change things a litte. Here’s the form:
Photo: Phin Barnes