Venture capitalists are falling asleep during startup pitches—and somehow still signing term sheets. Founders recount VCs napping through presentations, even scowling or snoozing while handing out deals. One jaw-dropping story: a top VC firm passed on Cloudflare’s co-founder Michelle Zatlyn because they doubted a woman could lead a security infrastructure company—ignoring that Cloudflare is now worth billions. Another founder thought they were chatting casually with Marc Andreessen, only to face a full team interrogation and rejection. Fundraising is wild, unpredictable, and full of power plays—but you’re not alone if you’ve got a story like this.
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