216. What You Can and Can’t Control
There’s so much in fundraising that you cannot control. Focus on what you can control and it will help what you can’t control fall into place.
A beginner-friendly guide to raising a seed round and launching your startup fundraising journey.
There’s so much in fundraising that you cannot control. Focus on what you can control and it will help what you can’t control fall into place.
By making fundraising into a game, you can change your mindset around it.
Advice to founders to avoid time-wasting VCs: ask in the first call if a fund is actively investing.
Consistently sending investor updates maintains awareness, opens opportunities for serendipitous introductions, and demonstrates transparency about the company’s progress and challenges.
Follow more of Allyson’s writing on the VC Minute Substack: https://vcminute.substack.com/
Focusing on a well-defined target customer profile is crucial for rapid growth and investor confidence.
Follow more of Allyson’s writing on VC Minute Substack: https://vcminute.substack.com/
Ever wonder why so few funds lead? There are real risks for a small fund.
Coming back around to the first lesson, the relationship between the founder and lead VC is the most important part of the whole process.
This past December, SpringTime Ventures led a complicated priced equity round. It was the first round that I ever led and I learned a ton of lessons. The first two are that the relationship between the lead VC and the founder is the single most important thing. Second, have great lawyers who know the unknowns.
“Knowing that it is supposed to be hard is oddly freeing because it kind of alleviates that feeling of, oh, so and so makes it look so easy.”
The best fundraisers run a process. It’s no surprise that Liz has a rigorous for building and executing her fundraise.
Your pitch deck should be able to tell the story without voiceover. VCs are going to send it around externally and internally at a fund. Everyone needs to understand it without you presenting it.
To grow your skill in fundraising, master these three pitches: elevator pitch, the hero story, and your fit in greater market.
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