I see founders pour so much energy into their pitch without realizing it's only the first step in the investment process.
The reality is that after the pitch comes a month(s) of diligence, and that diligence will be what makes or breaks the round.
Think about all those founders on Dragon’s Den who get a deal on TV and then it falls through later—we don’t exactly why, but we do know something went wrong in the deeper discussions.
So the way you make sure you’re ready to nail not just your pitch but the rest of your fundraising process is to have a thoughtful, compelling, frictionless data room that makes diligence easy.
By doing so, founders and investors get to spend their time building a relationship with each other, and coming to terms on things that actually matter.
I'm getting into all of this tomorrow Nov 5th at 4pm PST.
We'll talk about principles of a good data room, what should be in it, a process for creating it, and how it can make your next raise successful.
You can sign up by going to the link in my LinkedIn bio.
See you there!
VC Investor - Sharing Insight, Doing Deals, Building Value
1wThat's absolutely insane. 75% of total funds raised by just 30 firms. That being said, there'll be some great smaller funds out there too that will be adding a whole heap of value into their portfolio. Also, I think this might be skewed by some of the AI super funds. For non-AI businesses the targeted investor list could look very different.