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Dear SaaStr: What Are Some No-No’s When It Comes to Working with VCs?

  • Never assume your existing investors will write you another check. They may, but it’s hard to predict if they will.
  • Make sure the money lasts at least 18 months. Your investors are assuming that’s how long the runway is, maybe even 24 months.
  • Don’t ghost your investors. Update them every month like clockwork, even when things are tough.
  • Don’t hide stuff. Trust will be broken forever if you do.

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