I’m sure most of you have read this already– an intriguing story by Rand Fishkin of SEOmoz on his ordeal raising VC:
I’ve been released from terms of confidentiality and I can share the long, strange story of how I first rejected, was eventually persuaded, but ultimately failed to raise a second round of investment capital.
via Misadventures in VC Funding: The $24 Million Moz Almost Raised « Rand’s Blog.