There are a couple of VC blogs / sites that I read religiously. They are Fred Wilson from AVC, http://avc.blogs.com and Paul Graham, http://www.paulgraham.com/articles.html Even though I am no longer looking for VC funding I still try to keep my eye on that ball. You never know when you might need one.
Yesterday Fred Wilson had a post on the “lead investor”. It was a great description of those VC’s who say they will invest but didn’t want to lead the funding round. Having seen this first hand (from the other side of the table from Fred), I thought it was dead on. My favorite quote:
“If you are raising a financing of any kind, spend all of your time looking for a lead investor. Qualify every meeting upfront. If the investor won’t lead, don’t take the meeting.”