Chris discusses the importance of starting fundraising early as a startup including:
⏰ Extended Timeline of Fundraising: Highlight the prolonged duration of the fundraising process, emphasizing that it can take several months, especially for those who are unfamiliar faces in the startup landscape.
🚗 Road Show Preparation: Discuss the importance of preparing for a road show, especially for founders without a prior startup history or established investor connections, stressing the need to build relationships with potential investors.
🕵️ Diligence and Term Sheets: Outline the subsequent steps in the fundraising journey, including the diligence process and the negotiation and issuance of term sheets, providing a comprehensive overview of the complexities involved.
🔄 Awareness of Timing: Stress the critical role of time management in fundraising, urging founders to be diligent, run a well-organized process, and keep all stakeholders informed about the timing constraints associated with the fundraising journey.
💼 Importance of Early Preparation: Encourage founders to start the fundraising process early, especially if they lack a track record or investor contacts, and to approach it with diligence, strategy, and a proactive mindset.
#entrepreneur #startup #investing #technology #fundraising #venturecapital #vc
