I might not expect that from every VC, but if they promise those “assets” by saying that they are here to drive innovation and growth, then I expect them to deliver, just as I have to back up the claim of having a team of super-smartresearchers.
They might know the forks in the road, directions to take, and whom to speak to based on having been through the process with similar companies. They might havewho can mentor you and a network of investors participating in follow-on rounds. That is where they add value.
The best ones will seek to. They’ll have prepared thoroughly beforehand and are brimming with questions. While they may have preconceived and potentially ill-informed ideas, they demonstrate enthusiasm by starting sentences with “what if,” they leave me emboldened but contemplative. I fully expect to be provoked in the right way. However, some also play God. One experience offered up a significant , one that would make me walk on by.
I’m pleased towho understand. Our investors’ head of investment told representatives at one of New York’s top funds that one of their leading deep was coming to town for a “blitz meeting session.” They announced that they were committing to the round I was raising and that we were looking for a new lead investor.
So, put it this way: I wasn’t a guy who walked off the street with a crazy idea, but you might have thought otherwise, given the experience that followed. To be clear, I don’t expect all VCs to open their arms and embrace everyone, but there are rules of engagement.
The transparency and value of DocSend
After a positive morning meeting, I’d scheduled a few hours for a quick chance to grab a breather at my hotel. Flicking through my phone, an email from the associate at the VC I was due to meet next pinged into my inbox.
“Hey, Ofri, it’s Jessica [not her real name]; sorry, I’m not feeling great, so I think Ishort. I know you’re only in New York for the you’re over, I’m sure we can revisit.”
I started composing a polite response: “Really sorry to hear that. Fine to reschedule. Let me know your availability etc. etc.” In truth, I was irritated — this had been in the diary for twoand was one of six meetings scheduled. I was not sorry; I was annoyed.