![]() But ideally, you find an investor who can proactively add value (“smart money”). Sadly, many investors actually add negative value, so an investor who adds no value (“dumb money”) but who doesn’t interfere with the operational process can sometimes be a decent outcome. This is why already wealthy entrepreneurs raise money from experienced investors for their next startup: they know partnering with angels and venture capitalists is about more than just the money. Put another way, the ideal financing partner is a financing cofounder. Great investors can also be a source of network intelligence, so you can better prepare for likely challenges and opportunities ahead. ![]() For example, great investors can significantly boost the strength of your network, which helps in recruiting employees and acquiring customers. But there are other critical outcomes you should shoot for as well. TRUTH: A successful financing process results in a partnership that delivers benefits beyond just money.Ī successful financing process obviously results in you raising capital for your company. ![]() MYTH: The startup financing process is about one thing - money. “To help you figure out what aspects of the pitching process you’d like to understand better, I’ve summarized seven prevalent myths” 7 Reid Hoffman Learnings 1/ Pick a VC for fit more than just money Here is a quick read on what Reid Hoffman wish that he knew that he shared when he posted LinkedIn’s series-B pitch deck in 2004. If you’re a fan of the Linkedin Series-B pitch deck, you might like a few more learnings. Tl dr: 7 quick tips Reid Hoffman at LinkedIn shares on his learnings from pitching his series-B pitch deck to venture capital investors back in 2004.
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