http://www.avc.com/a_vc/2010/07/lead-investors-dipshit-compa...
http://www.avc.com/a_vc/2010/07/lead-investors-dipshit-compa...
There’s a worry among venture capitalists, [Arrington] said, that angels are training “an entire generation of entrepreneurs who are building dipshit companies” that sell to Google for $25 million. In fact, that criticism might be extended to Y Combinator as well, which could be seen as “the king of the dipshit companies.”
Arrington said he isn’t on-board with all of that criticism, but that it holds a “kernel of truth.”
http://venturebeat.com/2010/07/29/angelconf-ron-conway-micha...
MA: No one is talking about the entrepreneurs.
CS: That’s not true. You call some smaller companies “dipshit” companies, but they’re not.
http://techcrunch.com/2010/09/27/the-panel-thats-definitely-...
Another quote from VentureBeat: "TechCrunch Editor Michael Arrington, who moderated the panel, had previously criticized some angels for funding “dipshit companies” that think too small and aim to be acquired by Google for around $20 million"
http://venturebeat.com/2010/09/27/angel-investors-defend-sma...