- Startup Funding 101: How to Get Started with Adeo Ressi - October 22nd, 2014
- Onevest Startup Fundraising 101 Webinar - August 13th
- Before You Start
- The Anatomy of a Fundable Startup, by Naval Ravikant
- How to Quickly Validate your Start-Up Idea
- The Ultimate Guide List for Startups applying to Y Combinator
- Do You Really Even Need VC?
- Prospecting Investors
- The new reality of venture capital
- What I Would Look for When Choosing a VC – Knowing What I Know Now?
- Inside The Jobs Act: Equity Crowdfunding
- 5 Key Points To Know About Equity Crowdfunding
- Top 10 Benefits Of Crowdfunding
- Pitching to Investors
- ‘The money is out there’: How to craft your your pitch for angel investors
- Take Your Fundraising Pitch from Mediocre to Memorable with These Storytelling Tips
- The only way to raise money: Make them believe
- Creating Offers
- Due Diligence — Getting Funded
- How To Close Investors
- Next Steps
- Have an On-Going Dialogue with VCs
- Hungry for More?
- GA & Onevest Present: From Founding to Funding - Building a Team and Raising Capital
- How to Fund a Startup
- The Startup Master List of Resources (1,000+ resources)
Have an On-Going Dialogue with VCs
Even if there’s no short-term desire to raise venture capital, it’s still important to develop relationships with venture capitalists if you eventually plan to raise institutional money. The best relationships with potential investors start well in advance of a financial desire. Much like any sales process, it’s best to come up with a plan and iterate as necessary.
Here are a few thoughts about an on-going dialogue with VCs:
- First, figure out how to start the relationship (this is often the hardest part — see Getting Access to the Old Boys’ Club)
- At the end of the first meeting, ask permission to keep them abreast of the progress of your startup
- Decide on an update rhythm (e.g. every 60 days or every quarter) and reach out like clockwork on that schedule
- Create a potential investor update template and send the update as part of the rhythm (see the Monthly Advisor Update Email as an example)
- Ask to catch up in-person or over the phone at least twice a year, or more frequently as appropriate
- Remember to pay it forward and seek out ways to provide value to the investor (see VC Access Via Helping a Portfolio Company)
Entrepreneurs would do well to have an on-going dialogue with VCs so that when they do want to raise money, a relationship and track record is already in place.
What else? What are some other thoughts on the best ways to build relationships with investors?