My co-founder, Cristi, had a great presentation today at Venture Connect on things he learned while raising money. Since the list is quite similar to what I would say (we raised together, after all), albeit with different spots for specific things, I thought it would be interesting to put it on my blog and present each point during the next 2-3 weeks :)
#10 Time – it takes longer than expected
#9 Network – use your network (or grow one if you don’t have it)
#8 Aggressive – be agressive in contacting people
#7 Numbers – investors know numbers, so be prepared to explain yours
#6 Explain – explain what you do
#5 Follow-up – always follow up
#4 Diplomacy – pointing mistakes to investors is not really smart
#3 Angels – get ex-executives in VC backed businesses as angels
#2 ABC – always be careful: do your Due Dilligence on the people you meet
#1 Love – avoid investors that fall in love with your strategy, plans aso.
