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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.

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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.

I usually direct people to this post --still hanging atop the search rankings for " How to be a VC analyst" years later. 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.

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Here is How to Make Sense of Conflicting Startup Advice

Both Sides of the Table

Everybody has a blog these days and there is much advice to be had. Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. So far from not taking advice from other people – I want more advice, more data points, more opinions.

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The Problem with Startup Advice

This is going to be BIG.

I'm often the last one to leave an event, held back by the most persistant of entrepreneurs trying to squeeze as much advice as they can out of me. Often times, the advice is terrible or impractical. Try and figure out exactly what a startup had to show at the moment a VC chose to invest in them. Why should that stop me, though?

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The Most Important Advice I Could Give You About Unicorns

Both Sides of the Table

So here’s advice I give people all the time when they’re raising money. Many entrepreneurs pitching err on the side of too much information. Or they’ll remind me of my common advice to take “ 50 coffee meetings.” ” The report also notes that 75% of mega financings are led by non-VCs.

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The Bad Advice Diverse Founders are Given Around Fundraising

This is going to be BIG.

I can't think of a single time when a white man came to pitch me and I told him his fundraising plans weren't aggressive enough. Yet, for some reason, the goals for her pitch were incremental--despite being in an extremely hot space. VCs don't go later and angels don't go earlier. Ask them for an intro to a VC.

advice 419
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Choose Your VC Investor Carefully

Both Sides of the Table

Beware of VC Seagulls, who shit on you and then fly away (or worse yet leave you with Red Herrings). This is part of my ongoing series Startup Advice. I write this post as a warning to pick your VC’s carefully. I like to say to first-time entrepreneurs, picking a VC is more permanent than marriage.

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