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Getting serious about Series B: 3 documents that will help founders control the narrative

TechCrunch

This is one of the lessons I wish I understood when raising a Series B, so I hope you find this advice helpful when you navigate your larger raises. You want to proactively manage the order in which people access information and focus their attention on a few key documents that they can return to when they fall down a rabbit hole.

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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. These collective sets of documents form the basis of what somebody looking at investing would call “financial due diligence.” It doesn’t.

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Why an Entrepreneur Should Consider Outside Financial Advice

Entrepreneurs' Organization

Merrill Edge Vice President Whitney Trimble answers top-of-mind questions about whether or not to seek outside financial advice. Goals-based investing, which is measuring success as progress toward well-defined, documented goals in life is a process financial advisors are able to help investors with.

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Hire a consultant; ignore the advice!

Berkonomics

A personal story of ignorance of good advice. I started my presentation, which had been carefully documented in handouts and PowerPoint, with this story… A unique description of the “ignore” lesson. “I Not all consultants give advice worth taking, of course. The post Hire a consultant; ignore the advice!

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Your board should protect you!

Berkonomics

They write in their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth. All other board functions are secondary.

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Simon Says: Have “The Talk” with your parents

Entrepreneurs' Organization

You also need to know who are the executors, trustees, and beneficiaries of all your parents’ legal documents. Documents such as wills, trusts, automobile titles, property deeds, insurance policies, tax returns, Powers of Attorney, healthcare directives (eg, DNR) . Lincoln Financial Advisors does not provide legal or tax advice.

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Announcing the YC Startup Library

Y Combinator

The library consolidates the knowledge and advice we’ve previously published and provides a central location for new content. From fundraising document templates , to tips on how to pitch , to strategies for navigating COVID — we hope that our library offers something useful to every founder.

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