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Why Venture Capitalists Don't Care About Your Pitch

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This story appears in the November 2013 issue of Entrepreneur. Subscribe »

As a venture capitalist, I often find that a casual conversation with a friend or acquaintance morphs into a business pitch. After the inevitable question--"Is that the type of thing your company would fund?"--I habitually dive into the standard lecture about how VC firms invest in businesses, not ideas. After all, ideas are really the easy part of a startup; what we care about is the ability to execute.

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Knowing that the majority of people who make these impromptu pitches will never do anything with their ideas, my stock response is a convenient way to avoid saying that their dream stinks, and that I'd really rather talk about sports.

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