When VCs Fund Competitors

Justin Hibbard

Time to rummage through the reader mailbag. By the way, did you know that you can easily send e-mail to Deal Flow? Just click on the writer's name at the bottom of each post, and voila! Anyway, Todd Klein from Legend Ventures had some thoughts about our Feb. 7 post, "Entrepreneurs Pay Heed." He adds this piece of advice for entrepreneurs: "Always ask whether the VC firm has funded or might fund a competitor. You'd be amazed how infrequently that question gets asked. Good firms don't fund competitors, but some do. It's better to know up front."

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