Secrets of the CEO - VC relationship

Establish a strong foundation for fundraising success by building trustful relationships with venture capitalists, communicating openly and transparently, and prioritizing guidance from engaged investors.

Key takeaways
  • Build relationships with venture capitalists (VCs) ahead of fundraising to establish trust and understanding of your business.
  • Communicate openly with VCs, sharing both positive and negative updates, and highlighting challenges and opportunities.
  • Consider having a monthly memo or dashboard to keep VCs informed and engaged.
  • Focus on finding the right balance between sharing information and avoiding overselling.
  • Establish a peer group or network of entrepreneurs for support and guidance.
  • Be cautious of founders who spend too much time courting investors, potentially at the expense of running their business.
  • Prioritize building relationships with VCs who are invested in your success and willing to offer guidance and support.
  • Consider having a cadence of communication with VCs, which may depend on their level of involvement and helpfulness.
  • Don’t share too much information, but instead focus on sharing what’s most important and relevant to your business.
  • Focus on building a strong relationship with your lead investor, as this can be critical for the success of your company.
  • Be aware that VCs may have different expectations and priorities, and be prepared to adapt to their needs and concerns.