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by godzillabrennus
3198 days ago
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Great tips! I've also worked in VC and would add that you really need to understand the motivation of the potential investors you are pitching. Early stage Founders often waste a lot of time by pitching anyone who says they make investments. This will save you a lot of time and energy focusing on funds that you believe can add more than money to your business. Also, funds with a proven track record are important. I've witnessed outright fraud from a VC fund that claimed to have $50MM to invest and signed contracts to invest over $11MM when in reality they had no money at all. Don't start hiring or otherwise committing your company to expenses just because a VC fund signed some paperwork. Wait till the money is actually wired over to your account. You want to vet your investors as much as they are vetting you. |
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