Inspirational Technology

Mark Suster CEO of Koral is talking about his experiences raising a round of venture capital.

So I’m stuck with the paper shuffler and the Blackberry man. I am not kidding you when I say that I was on the verge of literally saying, “let’s just call this meeting a day. It’s clear you have no respect for me and no interest in my company.” I bit my tongue (which my wife will tell you is rare). I finished the next 15 painful minutes and said goodbye. My only regret … the $25 I had to pay to park in their building. They were seriously the most pompous, self-centered, unprofessional group of people that I have come across in a long time. I went to back to their website and unsurprisingly there were no great companies I had ever heard of. I later learned that they were a spin out from an investment bank. It all made sense. They were not “real” VCs. If you are raising money in the Bay Area and want to know who this firm is to avoid them drop me a line at msuster@koral.com and I’ll tell you the name.

Not kind words for this particular firm.

I saw Mark demo Koral at the Office 2.0 conference and it looked like a pretty compelling product, certainly one of the better products falling into the “Office 2.0″ bucket. It’s a shame this group couldn’t give him the respect he deserves, ultimately though, it’s just an opportunity missed for them. I’m sure Mark will have no trouble finding the money he needs elsewhere.