Girl Problems

Girl Problems

New York City’s Venture Capitalists Finally Get the HBO Treatment

17 Photos

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New York City’s venture capitalists may be familiar characters to the readers of Betabeat, but the rest of the world may not have any idea of what the men (and very few women) who bestow cargo-loads of cash on young businesses (and particularly tech startups) are like. After this week, however, you can bet a few of them now do, as Sunday night’s episode of HBO’s ‘Girls’ prominently featured a VC—and all of his material accouterments—trying to close on a night out on the town. Read More

Girl Problems

Charlie Hit On Me! One Silicon Alley VC’s Quest for Love and Other Startups

Illustration by Paul Kisselev.

Charlie O’Donnell has long eyelashes, an athletic build and a shiny shaved head: a 32-year-old in his prime working at one of the most highly-respected startup investment firms in New York, First Round Capital. The kayaking enthusiast and devotee of the fitness Bible The 4-Hour Body is known to broadcast his nine-mile cycling commute on Twitter, where he goes by @ceonyc, a reference to his initials.

A power networker, Mr. O’Donnell has made himself a fixture at tech parties in search of the next Mark Zuckerberg, or as it were, the next Margaret. Trouble is, he’s also looking for the next Mrs. O’Donnell.

“For men, if we are single, any single female that we are hanging out with has the potential, at least at first, to be a potential date,” Mr. O’Donnell wrote in 2004 on his popular blog, This Is Going To Be Big. “But for girls, you never really know. You can be doing all of the dating type stuff… showing interest, asking them out, etc… and they’ll seemingly go along with the whole thing, until the point that you’re sitting across from them and you realize, ‘Hey… wait a second… this isn’t a date at all!’”

Business and pleasure often mix in the Silicon Alley startup scene, where investors are known to karaoke with their portfolio companies. By now, everyone knows a pitch and a drink can be one and the same—but what about a pitch and a date? With more women on the tech scene, uncertainty is increasingly common.

“I once scheduled a meeting with someone and it turned out to be a date,” one well-connected female techie told Betabeat. That someone was Mr. O’Donnell. One female founder was “asked out to dinner on the pretense of it being a meeting, but it turned out to be a date” with a local venture capitalist, who followed up with an extended series of flirtatious text messages. That man also turned out to be Mr. O’Donnell. In fact, Mr. O’Donnell’s name came up repeatedly in the course of reporting a more general story about women in tech.

Even so, there are far more nefarious scoundrels on the scene. Betabeat heard some stories of other investors that sounded like fodder for Mad Men. “I’ve even heard of VCs trying to sleep with their potential female investees,” said one female founder who used to live in New York and now lives in the Bay Area. “Pretty sketchy stuff.” One woman who organizes tech events said she was stalked for years by a consultant who stopped only after her brother intervened; one female founder met with a Silicon Valley investor who followed up with an invitation to his hotel room via a midnight text message—“and he was married!” Read More