good advice from john doerr

John Doerr is a well-known VC at Kleiner Perkins. The following is from a 2007 interview:

"Entrepreneurs should insist from the beginning that the VCs communicate clearly with them. Their time, and ours, is very valuable. When the first meeting is over the entrepreneur might say, "I'd like a yes or no right now, but I understand you may be more deliberative and will need more than one meeting or one business plan. So what's your level of interest and what's the next step?" Frankly, you'd prefer a swift no to a long, drawn-out maybe. Those are death. Unfortunately, few teams ask that."