The worst version of a fundraising ask is “we need $3M to give us 24 months of runway”.
The best version is “we need $3M to accomplish these 3 critical projects we have planned that will take us from X users/revenue to 5x in 18 months.
We need these 4 new positions to pull it… Show more
Improving Fund-raising Materials 3 Fund-raising Process 12 Due Diligence Research 3 Deal Flow Sourcing 3 Meetings/Calls with Potential Investors 1 Work with Portfolio Companies 2 Networking/Professional Development 3
Cal Newport • So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love
“Less is more” when it comes to an investor presentation. There are only a few key things most VCs look at to understand and get excited about a deal: the problem you are solving, the size of the opportunity, the strength of the team, the level of competition or competitive advantage that you have, your plan of attack, and current status. Summary f
... See moreBrad Feld • Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist
You’re an entrepreneur trying to solve horrible problem X, usher in wonderful vision Y, or fix stagnant industry Z. Don’t mention your idea. Frame expectations by mentioning what stage you’re at and, if it’s true, that you don’t have anything to sell. Show weakness and give them a chance to help by mentioning the specific problem that you’re lookin
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