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asien | 4 years ago

To be very clear , this articles won’t help you much if you don’t fit the criteria’s the OP does.

Having discussed with VC a long time ago , it was very HARD to raise money without a very strong traction.

Very often VC were convinced with my pitch , and my product but would not invest either because they had stuff somewhat similar in their portfolio and often because I didn’t have a “track records” to proof my capability.

If I can recommend one thing to technical founder : don’t listen to this and build slowly while creating your own community ( users , customers etc...) and VC will come , don’t worry.

VCs are like dogs when they smell money they have the urge to come at you, you won’t need to call them.

For non-tech founder it’s the opposite : don’t make anything that is complicated or sophisticated, focus 100% on marketing and prototyping , I had friends raising 10M+€ for products that didn’t exist or couldn’t do a tenth of what was promised , but because they graduated from the most prestigious schools in Paris or London and had invested hundred of thousands in marketing ( 50K€ Website , Dozens of Articles in the Press claiming their idea was worth billions , Attending Conferences to reach out to executives in order to get corporates sponsors etc..)

VCs will prefer a strong team with a stupid idea that a Fortune 500 will be naive enough to acquire , rather than a good idea with an unproven team that would make money quickly after initial build phase.

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dboreham|4 years ago

Exactly. Remember also that VC are rich and powerful therefore much of what you read and think about investing and startups is written for their benefit. Avoid drinking the kool aid.