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10 Simple Steps to Improve The Odds You Get VC Funded
- To increase your odds of getting VC funding, avoid unforced errors, and follow these ten simple steps.
- Send the very best deck you can to portray everything investors would want to know about investing in your start-up.
- Don't dump VC scheduling on virtual assistants as it isn't a priority and won't give a good impression.
- Don't take it personally when a VC passes on a deal, follow up once, and move on if you don't hear anything.
- Be careful of artificial urgency; being honest about a longer-than-expected fundraising process might lead investors to consider an investment
- Generally, early-stage VCs need to see at least three successful growth months in a row to get excited and make an investment.
- Many top VCs are looking for outsiders rather than Stripe alum or Stanford graduates, so don't be intimidated while reaching out to them.
- Investors will usually pass on a deal for being too early but check in with them regularly to keep them updated and in the loop on your progress.
- Send cold emails as they work, just ensure that they're great quality and personalized.
- Reflect upon whether you'd invest in your start-up based on your metrics and communication style, and work on levelling it up.
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