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How Do You Reference Check a VC?

Both Sides of the Table

So my first advice is not to rush in the fund raising process. How do you then reference check your VC to be sure that you’ve chosen a good firm and partner? First, I would say that most entrepreneurs do almost no reference checks or at least do them very informally. For some reason most entrepreneurs do.

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Why it’s Critical That you Reference Check Your VC

Both Sides of the Table

I personally had three separate data points from entrepreneurs who took money from the firm that said “never again.&# I really try to stay out of the middle of these things so I softly said to the team, “maybe you should contact these companies and see how their experience went? Not so in venture capital.

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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. Most entrepreneurs (and VCs raising from LPs) think this means progress. Entrepreneur : “Sure. Some people find this elitist?—?I

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Outbound VC Dialing Programs – Total Disrespect for Entrepreneurs

Both Sides of the Table

“Hi [entrepreneur], I hope all is well. I know the firm well and I know the entrepreneur & his business well. But if that’s all that they’re after then entrepreneurs should definitely be wary of taking these calls. So I have to imagine many other entrepreneurs felt the same. They’re flattered.

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Entrepreneurs Don’t “Noodle” They Do

Both Sides of the Table

But there are a lot of things that become norms in the VC industry that always drove me crazy from entrepreneur’s side of the table. Translation for any first time entrepreneurs can mean one of: a. As an entrepreneur you’re used to being optimistic and finding a way to make things work despite the odds. I get that.

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What entrepreneurs need to know about unconscious bias

Young Leaders of the Americas Initiative

Unconscious, or implicit, bias refers to the underlying attitudes or beliefs about other individuals or groups, based on identity traits, outside our own conscious awareness. It is vital for entrepreneurs and aspiring leaders to understand unconscious biases that may be present in their journey to growing their business or organization.

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Invest in Lines, not Dots

Both Sides of the Table

This sometimes frustrates entrepreneurs who just want to “get back to running the business.&# But if you understand it you’ll see that it is perfectly rational and it should also influence how you form relationships with investors. For this reason I tell entrepreneurs the following: Meet your potential investors early.

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