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by godzillabrennus 3198 days ago
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.