Sad state of affairs in the VC world the unfunded

A Venture Capital joke went awry yesterday when the UnFunded a joke site about the relationships between VC’s and the people they give money to sorta backfired when too many people took it for a legitimate group to expose the weirdness that are people looking for money from VC’s.

The domain for the Unfunded will only be a round for a couple of days, so the screen cap above catches what the site looked like for the April fools prank. The scary part is that on the Redeye VC that sponsored the joke on their blog noted that 30 people signed up for the site not realizing that it was a prank.

Even the Seattle tech startups list got involved in the discussion to much amusement in the longer run.

If anything speaks volumes about the relationship between VC’s and those that they give money to, this April Fools joke showed just how much acrimony there can be between the two groups. While it is hard to get told no, the realistic issue is that there are too many Web 2.0 applications that all look alike. These are “easy way out” startups, where there is little original thinking and little original creativity. That alone can cause VC’s to just roll over and go to sleep during your presentation. They have seen it not only before, but hundreds of times before.

Come up with something new, neat and cool, maybe you might get told yes. Plain vanilla speeches about taking over the world or the 1% solution is one thing, but you as a company need to be working on a technology that will be able to take 10% of the market. Even Google got told no, not everyone calls it right the first time, walk away, know you are doing good, and see if someone else will fund your original cool idea.

Keywords: vc, funding, the funded, the unfunded, april fools joke, gone, awry, humor, fun