topic
raising
7 notes · the raising stage
running the round on your terms, from first meeting to wire.
ranked by repetition 7
- 09 a demo day is for the second meeting, not for money The aim of a demo day is not to close funding. Your pitch is not going to close funding. It never happens. The aim of a demo day is to get you the second private meeting. ~12 calls raising
- 11 vcs say nice things to everyone If VCs say nice things about you or your startup, that doesn't mean shit. Their job is to be nice to everyone. ~10 calls raising
- 12 is your last investor doubling down Generally it would actually be a signal if any of these people were to invest again. ~8 calls raising
- 13 raise small, then scale. say half the number If you are raising 2 million, say one. Don't be ambitious. ~7 calls raising
- 14 the pitch is the start of a race The moment you pitch, you are participating in a race. Then you have to run full velocity, whatever it takes. ~7 calls raising
- 15 if you don't need the money, you get the money If you don't need VC money, you get VC money. If you need it, most VCs don't want to give it to you. ~7 calls raising
- 21 close the lead first. everything restarts after the wire Till the money is in the bank, bro. Get the money in the bank. Your round is not closed yet. Everything else is later stuff. ~5 calls raising