We’ve got to hand it to 500 Startups founder Dave McClure: dude sure knows how to make a point. GeekWire reported yesterday that at the GROW business conference in Vancouver, Mr. McClure went on an obscenity-laced tirade against VCs, calling them “insufferable, arrogant, fucking assholes.” Whoa, what’s the punishment for investor-on-investor crime?
Mr. McClure apparently has quite the vocabulary: he reportedly “dropped the F-bomb and the word asshole more than a dozen times,” which makes us think 500 Startups is actually a secret fight club where founders learn to verbally abuse each other until the loser cries. (We hear Regina George is a mentor.)
The colorful Mr. McClure also stressed that wearing a suit is the “stupidest thing,” as it scares off engineers, to which we have one reply: “But dudes look sooo good in them!”
“The last 10 to 20 years, you’d think that it has been all about VCs making money, because that’s all we hear about,” Geekwire quotes Mr. McClure as saying. “But really it is all about VCs failing and failing to return capital and being f**king idiots. VCs are stupid.”
Mr. McClure then asked anyone to challenge him on that claim, prompting conference attendees to look nervously down at their hands and fumble with the program, fearing the consequences of accidentally making eye contact.
It’s tough to argue with the foul-mouthed sailor-turned-incubator founder, though. The data supports his claims, except maybe the “insufferable” part. We just don’t have metrics for that yet.