My buddy Chervokas and I had a joke back in the @NY days about “secret VC language.” He was still a journalist then, but a budding VC (and went on to join the now-defunct Primedia Ventures), and he’d occasionally launch into a discussion with a VC that would set my head spinning. I’ve since learned a little bit more about venture financing, but Brad’s post today about VC cliché reminded me of the old days:
The two guys that work with me in Colorado… are visiting me in Alaska this week. We started joking about all the ridiculous things we (VCs) say on a regular basis. At the risk of exposing “super secret VC information”, I thought I’d write up a few of these phrases along with what they actually mean.