78 lines
2.5 KiB
Org Mode
78 lines
2.5 KiB
Org Mode
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#+title: Section 3| Lesson 18 - What is a VC / How to Raise Money
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* Links
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- [[./../mba-main.org][<Back to Main MBA]]
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- [[https://www.udemy.com/course/an-entire-mba-in-1-courseaward-winning-business-school-prof/learn/lecture/4282944#overview][S03:L18 - What is a VC / How to Raise Money / Get a Board of Advisors]]
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* Notes
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| year | who |
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|------+------------------|
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| 1-2 | angel investors |
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| 2-3 | equity investors |
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** angel investors
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- people that fund early stage companies
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- about 100k in general
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** banks
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- never use them
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- if you miss one payment they will seize everything
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- they are blood suckers
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** equity investors
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- high worth individuals
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- venture capitalist firms
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- want equity
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** "A" Round
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- first round of venture capital money
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- make sure to present correctly
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** most important investment characteristic
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- NOT "good business model"
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- it is MANAGEMENT
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- business model is irrelevant
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- management team is the MOST important thing
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** how to find out if the team is good
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- have they sold companies in the past
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- their employees like them
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- glassdoor.com and do a search
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- search linkedin if you can find someone who can vet these guys
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- past performance is VERY indicative of future performance
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- they want to back someone who made a company
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** how to get a board of advisors
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- go to linked in and do an advanced search
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- enter the keywords that are relevant
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- keyword of interest
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- your university
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- your current zip code
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- ask for help
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- send a short message
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"John hope all is well. I am also from Canada/ also went to NYU/ etc. Please let me know if you have time for a coffee in the next few weeks. thanks"
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*** in meeting
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- first half
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- get to know them
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- business is about relationships
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- talk about what you have in common
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- city
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- university
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- final part
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- thank you for your time
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- please let me know if I can ever call upon you as an advisor now and then
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- great, Ill call upon you every now and then thanks
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*** follow up
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- meet up every 3 to 6 months
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- remember something you talked about that was interesting to the person
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- follow up by sending them a message / email/ etc with something interesting on that topic
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- add value by sending messages
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- in months ahead every now and then
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- that help them out with their business
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- based on something you talked about
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