Constructing an organization is fueled by highs and lows, however one of many few moments of potential ecstasy (or maybe for grizzled veterans, deep annoyance) is the VC outreach electronic mail. You might be constructing your startup on deforming IKEA desks consuming frozen dinners when out of nowhere, a serious VC agency reaches out and needs to debate a possible funding.
However then you definately search for your interlocutor on-line and discover that they’ve that utterly enigmatic title of “Affiliate.” Heck, that electronic mail could properly have been from me over time.
What do you do? Do you join with somebody who might be working at a outstanding agency and attempt to have interaction? Do you flat out ignore it? Do you equivocate and delay?
Briefly, do VC associates matter to your fundraise?
First, what precisely are associates and what do they do?
One of the best ways to grasp the work of a enterprise agency is to take a look at their precise actions slightly than the titles or listed duties of any particular person individual. On the funding facet, there are three predominant actions: analytics, networking / deal sourcing, and shutting.