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8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

He wrote a post this long weekend on how he manages the board of DataSift. In his post he asserts, “You get the VCs you deserve” and the corollary “You get the performance out of your board that you deserve.” By spending more time educating your board on your business you get more valuable advice from them.

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The Pre-Board Board: How to Create Accountability Before You Give Away a Board Seat

This is going to be BIG.

Typically, investors don’t take a board seat until you raise your first equity round—which means that it could be *years* before you have a real board meeting: A year of nights/weekends work researching, prototyping, and fundraising. I’ll make it simple. The structure of the meeting should follow some kind of document.

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What Would it Look Like if Elon Musk Pitched a VC Today?

Both Sides of the Table

It is Nikolas Tesla pitching a VC firm. Because the videos show exactly what life would be like if a young Elon Musk came to pitch VCs today and said I want to transform P2P finance, get people driving electric cars and send a man to mars in our lifetime. He has now created Part II. It is also very funny but please watch Part I first.

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Remind Me Why I Love You? (Why “In Person” is Everything)

Both Sides of the Table

This is a very common scenario when entrepreneurs pitch VCs and frankly is a very common scenario when VCs try to raise money from LPs. When you pitched me I really did love you. I left the meeting and had to attend a 3-hour board meeting where two founders have been fighting and each want the other one fired. You’re in control.

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#DreamitLive with Ron Gula: Five Slide Pitch Deck

Dream It

In the episode, Steve asked Ron about his “five slide pitch deck.” Ron advises not to stray away from the core message by including items such as a list of advisers and board members, biographies of the founders, or competition slides. Read Ron’s article on his five slide pitch deck here.

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The BEST Answer to ‘How Much Are You Raising?’

Dream It

In this Dreamit Dose, Managing Director Adam Dakin presents his view on the right way to answer it after hearing hundreds, if not thousands, of founder pitches. Make the specific amount you are raising and corresponding milestones clear at the beginning of the pitch, and do not give a range. The amount you're raising is your ask.

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How to Launch Your Startup Without a Launch

This is going to be BIG.

When Tinybop first launched, before they ever made their first app for kids, they started a newsletter that featured products they loved for kidsfrom everything from books to board games. Follow and engage with them on social media, comment thoughtfully on their articles, and offer insights on industry trends without pitching your company.

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