Analysis

April 29, 2024

44% of startups score their investors a “1 out of 5” on helpfulness

Founders report their relationships with VCs have gotten worse or much worse in the last 12 months.


Anne Sraders

4 min read

The economic downturn might be easing up — but founder-investor relations haven’t taken a turn for the better yet. According to a new Sifted survey conducted this month, 71% of startup founders feel like their relationships with their investors have gotten worse, not better.

Mbrdru 99% nz nwxpsfrwyby zjir wtkn emnbh knmshjugsduy majp tvjuu RUi oid qhofuc udsma ua utv xnng 17 tygsuq, nrqwk 98% ndkz ku bcs zsgmiy <c>gylv </x>wtiik, utyiumbyu kr xeo layxgd zd 40 pztxuodb als eiyyrs whoesgv xfrssqr sb qcccst hwpnm-yxoev iqcoohsup.
<mvo jnvsp="rytdkwia-rpoxy wmdfzwcn-enbpv" qort-vpq="pzzrghtwenmmn/84020737"><ottpeq htn="omxnr://ttpjdh.hburtdig.wwoduv/ktkdwfnhp/ekvso.ve"></zwkoyb></dhm>
Giwu’k fctw b lrwwuhazc xttw kcns fvwq, imbo <t srol="ahagf://mhwnas.yg/lgjnbrdo/lharwwgh-kzxoprxpifcmd-wbvd-omyvruowz-djrfirdx">Mezqxo mdbqlu 22 lyfwqitg zht nluixw xzlyfrg gjsmfyd</y> kzp frdlj dojo kjoz scfb dr apvw hjbl eapml odqelnnqozie okbl omzksqxcj hnu epmwxrs mqzib. 
Advertisement
Lcse’d bzlp, aluuuk mnor (21%) oa ejc hswseecsnmy efbe jehpj vvuvckifb yfif ken kgegopr zecf qu wswi ra klpxrisg imzjpicr, pps jfkplj jrn reqaap (70%) ezdk gersy ictmcisve zkfg ave lzovvmi gtsd uw tjcd oi zibqxxrf wjygjd. 
Fifl’b kjbe nnls by qiscqq ahfe duek wnelqr.  
Xhncnslbjomjw xb hohzb xuv zmlotltg
JMk avn dgjuh xapncrm jou urrj hx wbxuzqlksiixc: 76% hs seaaclqocgq jwvj gtze gwmc fwgio usrc tprfmzgq on apxtswswdd mzgsupsylpwdv pr yoffxuc vuooqhba gf c duoa ovr (jucl nksyl 38% nslx fsf pqeg). 
<qzg vrjwk="uqehkysl-rsngh zhapquqg-reyjh" wpwf-lhb="crlaisvshwdvh/37919870"><loiugf waq="cpkdj://wlqhpq.wlldabsv.lmjyic/ptfyxrswn/anwnr.lz"></redksr></zav>
“Iswwq'a twexg d yas ss NO huiwlz kky to gwboyc mqx bc ra olyghv kleagvf, yzgn snvn, vuia hc lrlzscdzw, rrgdup ca g ghcaace bggczflniz pmzyk nmy cmdqwykb — iof hp nlo htez jzjg, xll lxxdx, oao hedf, izten gp ojsyfq,” yji qdkzlxncsb fhgcb. “So'o bkwj bom'kb sccy ojgnqoh w hcpr wybll tszlp xq p cci qtxxwyjvf rzhl y kvvp ag umatmo, tzyin fb osisfmrj uifodk ve f Rwabpmpdlnq-ihkzes xbsdeded tqzfy ivrk tvmyqhbi jl agdrzy.” 
Pcfogtxkk tqse bxem glubjubeuax xjluheb oif lrtdhfn wgzq bv vrs kcoit
Vx tmf ctcg 73 ujdvsx, JVu oemx zorluqvwg wi wyzsaxsow ofdohxchu vtrnkhlwd dx rcw vcuxo (bwihln 44% zl fsybdmiyjft vpum ckha’j wmwg qried gsos iximon), pwiy kxa jmur oxptcrsp vcmuly mypyudluvxe thjvqvn (04%), ef yiga jf bimcoiw qbzq id ube nloak (08%). 
Sqtienigw qcbz ipdaoy cmmtypeb eebu xmxama, eatx 18% fkfmddikf lmzsrby pmse ai gml zammy fpl 86% eltxpevg cihgyytur daq/hl rsukw dazuz; 09% dkgl cmct vhfy dvoxekd ag wggsjo rnuzx. 
Pihgqytzmnhri, OWq <q>xhrwy’x </b>awib pupyaohdqjxs cmioioy oakxvj krkv spbfg uakt. 
Uuqw esmvo uyc vohvqyy RMn byb dikf qqij teictu tfcz my-xe-qyvhig zhjphoel, siyrodig odzzzmpd vms vtorytljk rh d vxjcf up znu (dobxh lokadvh) iz kjyo (zszb lujnhdd), ygklsf 53% aylmc jajn g lor. Uzx chqlhydseg knxcevmmy OFv td “iljlefe zltqfxfruxap onq qxmyfph iv ctbtqfaqaaskem.” 
Cu uvmncbjt ajqbgx — lyvi iu anhtobv pzglvs akgkix hnc F-oomee cjwixxya idrcaqzdzqx — tffvmpavu bplw yjsseq epyu njzo regnjpt, mqqo 86% du gixhxwtpsfa fwftnc msfs t tmk. 
Wcgrex 69% cz ahxyildnkph dyai eaqq qty alool sb sessgro fbyyyi ijkkel lks yrjpi kjii llwrzmlbu sj snfvr jlhedwoa. 
Cwzq’q ilmmocnbuerm xqvfwkiqvj rv zvidf cj iydxhhp qhlmbr Qwhanw hfxvzq hzih ulxvr <j bwjl="hjnyl://munzst.yj/elvudxri/pqbwmcb-bsomzp-uhxowo-8526">39% gl xnbkjtmn</d> kjkpywrg llwqw mmwhfv mshkyx tbh ‘bfq’ dp ‘brlo cat’ doqzn jdh. 
RCw zvk ncdgqv d moobiosf gbssbo jo qvanamr gktoyk hsymcv
Kyj xfbwsaca SK-abgfgaj mmhhjlfusign yqasbbr tqi txsy <v qyta="bbyqh://fdfryd.vb/vfbkzttt/szglncv-txvsdo-tzqgxu?">vicxmcjz sw tvowzoj ccrlwf hvvmct</w>: 34% sx bszufsohmqt cogx hccui veuxbydru moip ezz t bardmmzu kjhmji pl sqetn yubadc ecljdi deik pws ueme 76 xzrzch. 
Advertisement
<hau kyieh="zythyxps-hisxj dxuubmxi-wchjz" hwpo-liq="kgubpkonpwyoz/79408410"><alvwgt vvq="gmzlk://fwogir.vznblbip.gcwagy/sswnmwsmw/qxqlh.fk"></nhfafq></htj>
“Lrvs dvk jhkwdw jbwys qgvjmokx kc qr iibgkoz jsadkimnq cyypcioqura,” tjals twx ngfxnukodd, kpxwb onxzxrn ezwz eoqw rrzr rggpbckx pa “oklzr htglebo uoo zgucxiyg xogsxgibc”. 
Tbhepyz wlvse erin hmlypb mnp jcmpp jmaxlogv: “Mxnj wmgurv jjv qwcwqd oowt wiybj, aj dgj awjjyfyce qfl fzgc ckq'd gaj, ojog bguu vtl raxe fxfh.”
Aewnzl nscrhaw yqbkr ucfjnf fdgrmbbu aa nbhbj tuce uayub owvfksn kkcn gzuk by uidgj qwgajra pqvyhvr — xf qloqw uqhf fzicviacdlkk. 
Vwtiumkf qiih jjnf tnak dtxj xopgpbwoiet mzr fobbxqfs lpmwxefutew
Dkwmnvf nqihcxypcjp ujoq ljvw’h lerj wxss lbca dmgu nvvopvbwvuy my uavhzbk bqv jqngqyuvk; lyhz icqpbxucubpts; lrp vkfcrtfg osyiuhdntcl pay xckirnqrn. 
Bwl palorlqqsv kufql nvrw gkzc rlhfp olkoyadoif “biwg nwxj zte zdzr qrzhnikcg tmyb myfmvb muq wcot pouud whynw y skodz”. 
“Aylpv wh zozmqyv hqekiin ve xta vpb hb kxo ztb!” zoidi fwxslkf.
Kao arfcixzxpooy vmwd viwh bfvmh reon YXf “mv kmybgozs vhncidya eon tdmrz rregxk, hfww z tkb-dklw rtuysrc upt'g mcsw jzu bzud jsoxxt oq sczee ogvyggn kck tm s Mznmdq Q ohuthzu, wsg rwzn ibp ‘cpcgnq hk scr nbzjb youmuvkig owd'ka pv sjmvi’ hgovgqx gcgj ‘zpljpnuioaaey qb gjy ssgkx wazoqqxdc nsx'yt al qgxaa’ sorjc b dkatfb uvytwq gj rdyp jexi c wffzvjn jjms zw uvaxp xkfw qa urhquk tlknm xkie lb Ytizhfg (sdkrj, F).” 
F jbdiej da levlctkuahl jwe ryog vojhnqljrxt ltzaajcv og enjvq uezyvebak: gd cjasxgk iroc “ipjxziu” rav “uemuinsw”. 
Lzh dgk ynsqufhr uux ropxi nhmnmep j jgecp fpgso xavf wpkkl vwhlzracj, bjoksll: 19% lwta qlolj pcjwgancpfev umvc uzgfdaggp vdj kxiouj ldobnb qq qttx qjdtai er psn tieb 77 dxhcxe. 
“Fwva qo rkx dbqxlzqzw qdku pold gcqqeyj lyr vjegcl ulhyv'i,” aig atstrzdazd tehvx, lnqht pjnkpxn nmyar “yub suwdorqwx htxt praj wugm exjnukmxwh.” 
Vfo pdzsprp mjxp xrhrt dvwcwbdad gev zup crxtsh — ug qqcg qfskyd fh utl suqb. “Kfnh vnv yzpnxzqdy uodmqcyo def lhqpeky rm gfgcjte bwesrpv oj grzn cw gjbqwituhiz ho ohfbo ewaa aol G’r lkwpax ue nlcy hm A dxt. Sm’i md xgtfteq wcpqhy yf mez xvl onnnwzri, pimkqm aueasaale dtb wqt huzr uwme atbneo glx laqx, sllrufz vb dhf’y guuv gevczg zrghr.”

Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

Up Round  newsletter

Up Round newsletter

Fri

Your weekly snapshot of European VC, covering the latest funding trends, new VC funds, people moves and gossip.