Venero Capital Advisors reposted this
Founders, if you are not ready, please don't get sucked into a funding round simply because you get approached by an excitable VC. 🛑 Have them wait until you feel confident about running a strong fundraising process and have all your ducks in a row. Without a clear process, you can end up wasting a lot of time talking to investors and end up with a sub-optimal round. You will generally get the best combination of great investors and favourable terms (valuation/dilution) when you can generate some healthy competition. #startupadvice #fundingprocess #founders #investors #venturecapital
So True Georgios! It's a VC's job to knock on a lot of doors, however you don't need to open it! Think window sales!
Good advice Georgios Markakis We have talked about this recently 1) is your product ready? 2) are you ready as a founding team to take on a VC as an investor? 3) have you got someone to go on the journey with you as an advisor/board member? 4) build your data room as you go along Via Baxfield I support companies going through this journey myself or via introductons through my trusted network.