Ask HN: VC funding competitors?

by arohner on 5/4/2010, 6:17 PM with 6 comments

I'm in the middle of looking for Angle / Early VC investors for my startup. There's news today that a competitor of mine is getting funding from some big name VCs.

Is it worth my time to talk to the VCs that funded my competitor? Is it a good idea? Should I worry about my slides showing up at the competitor's offices?

  • by pg on 5/4/2010, 6:19 PM

    Most VCs won't fund competing companies, so it would be a waste of time at best to talk to them.

  • by alain94040 on 5/4/2010, 6:34 PM

    If it's a direct competitor, you'd be wasting your time and definitely any insights about the space would be shared with the competing company.

    But often, VCs like a certain space and will invest in several non-competing companies. Before you panic, just ask!