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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

She was pitching for a pre-seed round of $400k. The startup ecosystem is a terrific manufacturer of bad fundraising advice. Founders hit the street with their pitch deck, some make it, and some don’t, but nearly all of them ascribe a lot more human influence over the process than there probably is. I’m a female founder.

advice 476
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Why being a VC sucks. Advice to anyone who wants to get into venture capital.

This is going to be BIG.

Since there''s no way to both make yourself accessible and not get a fire hose of inbound, most of the pitches you''re going to have are from perfectly nice, smart people who have perfectly horrific, unworkable ideas. 2) People pitch you. Sometimes, you get contacted by certifiably crazy people who have perfectly legitimate ideas.

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Some Advice Before You Hit the Fund Raising Trail

Both Sides of the Table

It definitely has a “d” in it, as in it’s really not fun, raising. Sure, you need to learn what the common theme of the no’s are and be willing to make adjustments to your pitch. the most counter-intuitive fund-raising advice you’ll get 8. Fund raising. It is CRITICAL that you not let this get inside your head.

advice 236
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Skate Where the Puck is Going

Both Sides of the Table

Anyone who works in the venture business or frankly just lives in Silicon Valley will be used to hearing a buzz word rise up out of nowhere to capture the technology zeitgeist and find its way into every entrepreneur’s product development plan or every aspiring entrepreneur’s pitch deck. Tags: Startup Advice.

pitching 296
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How Many Investors are Too Many?

Both Sides of the Table

You may feel as I did in 1999 that the more smart people around the table the more intros you’ll have, the more sage advice you’ll receive and the more impressive you’ll seem to outsiders. By definition you can’t have 3 investors each wanting to increase from 5% to 20% ownership or you’re fawked anyways.

VC 314
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Don’t be a Grin Fucker

Both Sides of the Table

That’s the classic definition of Grin Fucking. I found that most VC’s never gave me any feedback when I was pitching. Tags: Entrepreneur Advice Start-up Advice Startup Advice. Unsurprisingly, this one way best. The title IS the post. Don’t be a grin fucker. I’m OK with that.

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Building Products for Mass Adoption

Both Sides of the Table

Quite honestly I see way too many company pitches that are designed for Techies but I only want to invest in products designed for Normals. Start by defining the problem you’re solving – I see way too many early-stage entrepreneurs who start their companies with a product definition rather than a market problem.

advice 348