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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 429
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The Quality You Never Hear Pitched When People Want in to Venture Capital

This is going to be BIG.

So I asked a few founders that I've worked with and they mentioned a word that struck me--because I've never heard any of the hordes of people in my inbox asking for internships, VC job recommendations and advice, etc. I think of venture capital as a service business. mention about themselves. Generosity.

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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. Venture capital is kind of like a knuckleball. I love public speaking, teaching and generally being helpful.

advice 412
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How to Be a VC: Being Open

This is going to be BIG.

In venture capital, you say "no" a lot. I want your pitch to be the one I say yes to--and I want you to solve the inherent problems in your business model. Take pitches? Perhaps this is why I see this behavior more in the junior folks who never have to pitch to LPs or who've never started a company.

VC 371
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6 Steps to Raising Venture Capital in 6 Months

Gust

A founder with a startup focused on selling groceries online should begin their pitch by describing the total money projected to be spent on groceries online over the coming years. To raise capital as a very early-stage business, you have to convince investors that your current size isn’t indicative of where you will be in the future.

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Should every startup get funded?

This is going to be BIG.

Too many entrepreneurs start out their business endeavors with an investment pitch. That’s the thing—startups in the initial stages need advice, feedback, and guidence a lot more than they need money upfront. That’s what makes venture capital such a risky investment. Step one: Ask for money.

startup 253
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2010 VC Funding Outlook for Startups – Prepare for Winter (Part 3/3)

Both Sides of the Table

My advice : if you’re raising a $750,000 round and you have demand for $1.2 My advice in my post Should You Even Raise VC still holds. p.s. It’s my job to invest wisely in entrepreneurs who are capital efficient, who innovate in ways that pay off economically in good markets or bad and who plan for worst-case scenarios.

VC 269