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Why it’s Critical That you Reference Check Your VC

Both Sides of the Table

I was recently speaking with some founders about their fund raising process. How do you then reference check your VC to be sure that you’ve chosen a good firm and partner? Get a reference list - Most entrepreneurs do almost no reference checks or at least do them very informally. Don’t let that be you.

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A Seriously Great Story and Why We Funded Them

Both Sides of the Table

I first met Andrew Stalbow , the founder & CEO of Seriously in August of 2013. and Petri was co-founder and head of creative at Remedy Entertainment that launched the hit PC games Max Payne and Alan Wake. By September 26th we had submitted a term sheet which was signed on October 4th and financing was closed in less than 30 days.

media 373
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The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

With Meredith I did every on-reference-sheet call I could make and many off-reference-list calls. I followed my playbook on reference calls making sure to ask both positively worded as well as skeptical questions. Through many meetings discussing strategy, approach, recruiting, financing, etc.

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Nigerian founders-turn-investors are now running syndicate funds

TechCrunch

The Future Africa Fund kicked off in 2015 when Iyinoluwa Aboyeji and Nadayar Enegesi , co-founders of US-based and African-focused talent company Andela, wrote checks to African startups as angel investors. Syndicate leads are often experienced angel investors or successful startup founders.

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Nigeria’s Decagon raises millions to finance and train software engineers

TechCrunch

million seed round and a student loan financing facility of $25 million from Nigerian financial institution Sterling Bank. As a serial founder, Nwobi ran a couple of tech businesses, most notably mobile internet company MTech in the early 2000s. For its equity financing, Decagon raised money from Kepple Africa and Timon Capital.

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What I Would Look for When Choosing a VC – Knowing What I Know Now?

Both Sides of the Table

When you look at a deal so much of what you’re trying to understand are the skills, resiliency , work ethic, motivation and team dynamics of the founders. Nothing blows up great opportunities faster than founders who are constantly fighting. The best way – of course – is to reference check. Startups are hard.

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4 Finance Lessons for Rookie Entrepreneurs

Entrepreneurs' Organization

Finance is a common source of both challenges and opportunities for a growing company. Learn these foundational finance lessons now to set yourself up for success: Avoid the sunk cost fallacy. As a vulnerable new business founder, it’s easy to submit to sunk cost thinking. Learn more about how to apply today. .

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