Fundraising Advice - Tracy writes
I get asked for fundraising advice often. Here’s a cleaned up version of my answer: 1. Understand that VCs have their own investors, and their top priority is delivering a substantial return on...
I get asked for fundraising advice often. Here’s a cleaned up version of my answer: 1. Understand that VCs have their own investors, and their top priority is delivering a substantial return on investment to their LPs. 2. Early stage investors evaluate thousands of startups, listening to hundreds of pitches each year, but only invest in a fraction of them. 3. Investors are skilled negotiators, so avoid playing games with them. 4. The best investors can discern your intentions with remarkable accuracy, a valuable skill in their line of work. Avoid posturing or lying to yourself about your…
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