A VC publicly disparaging its own portfolio company hands rival firms a weapon in competitive deals. Listen
Commenting on Vinod Khosla calling Factory, which Khosla Ventures led in its latest round, a 'struggling second-tier competitor', the speaker said they were flummoxed that he did it publicly. They said rival firms can now ask founders whether this is the partner they want when things go badly.
“And basically handed every other firm a weapon when they're competing on a deal saying, is this the partner you want when things go bad?”
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