VC Bottom Line: 100% refuse to invest in a company with integrity issues

Once found that the entrepreneurial team in the integrity of the problem, basically hundred VC (VC) will refuse to invest, this is a lot of VC consensus.
DFJ, executive director of the Global venture capital fund Sun Wenhai, said that as a VC, the most unwilling to see the entrepreneurial team appear integrity problems. "Entrepreneurs financing, if we found in the integrity of the problem, I believe that basically 100% of VC will reject you, this is all VC least like one." ”

"We typically spend a few months looking at the CEO's quality," said 龚挺, a partner at Haina fund. "Investing in a project is not possible without seeing people or deciding in a day." In addition to the CEO's quality, 龚挺 says, he also attaches great importance to the CEO's commitment to his career is not "very knowledgeable, very confident, very enthusiastic," and his own management ability.

Cao, a partner at the US speed of light, said that many CEOs are the second and third startups, so "you can make a few calls about his personal qualities."

Cao Darong that this is a very simple thing in Silicon Valley, and in China, through a little things, constant communication can be judged "is not a win can be a partnership of entrepreneurs."

"If we do an economic survey and find out any problems, especially if we find moral problems, we are basically pushing them away," Wu Junping, a SoftBank investment partner, revealed the bottom line of the fund.

Zhou, general manager of Asia-rich, said that investors are so attached importance to integrity, because the start-up company, in addition to the team nothing, honesty is actually the basic requirements of life, "if you even basic requirements are not satisfied, I think you are very failure to be a person."