The First VC Meeting (Post 1 of Many)

boardmeetingI see a minimum of 3-5 pitches per week and often I see up to 10.  I also have raised more than $40 million as an entrepreneur and CEO across multiple rounds of venture capital in 1999, 2000, 2001, 2003 and 2005.  That means that I have probably pitched maybe 120 investors and received 20 “yes” answers and nearly 100 “no’s.”  Well, actually, VCs never really tell you “no”, they just tell you, “interesting.  It’s a bit early for us.  Call us back when you have a bit more traction.”  Which basically means, “No.  But just in case you get big against all odds, please come back and see us since I didn’t tell you no.” ;-)

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