One guy had a point, saying: " What VCs say was the reason they were interested is not necessarily what made them interested." Do you think that's true?

Hey guys, I was doing research for my newsletter (you can see it here on Reddit) and stumbled upon an interesting article. The authors analyzed over 500 pitches to see what factors get you a VC meeting. These were strongly correlated:

The Problem & Market Segment

How does your product make money?

What they probably forgot though:

A strong network. Having strong introductions.

Making sure you ALREADY have customers vs. just coming up with an idea

One guy had a point, saying: " What VCs say was the reason they were interested is not necessarily what made them interested." Do you think that's true?

Quote Mark

Best Answer

Three keys they check:

You and your cofounder have quit jobs;

You return their investment three times in 1.5 years;

You have already validated actual buying.

Everything else is just theater of fake pleasantries.


VC are money managers. They want their money safely returned. They all pretend to be revolutionaries to draw the brave people to them.

They have no interest hearing you analyze the problem or the "market projection".

Other points

Question asked by

u/darkomkd

Date

May 14, 2020, 4:57:49 PM

Related Picture Note Cards

Related Quote Cards

Startup Lingos To The Point