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On the business side, they face hard decisions about establishing the right marketing strategy for their products and services, gaining timely access to capital to grow their business and dealing with the day-to-day operations. Each entrepreneur tackles unique challenges based on their industry, target market, and business model.
Most startups know not to blow a bunch of money on a big party before they have their first users, but legitimate questions remain about what you do in its placeand how you open yourself up to the world that gets attention. Starting from zero is incredibly difficult and youll be too time crunched to leave it all to one moment.
One helpful bit of context is that until very recently, I hadnt been to the dentist since 1998. They never put a lot of pressure on me to be perfect, but it seemed pretty clear that my winning streak became something of an expectation. There was never a moment where the anxiety around going allowed me to pull the trigger on my own.
Portfolio company leaders from across the country touched down in the Windy City to connect with fellow Rise of the Rest-backed founders on tactical tools for turbulent times. Scaling is hard enough on its own. Last week, for 24 focused hours in Chicago, that power was on full display. See you back on the road.
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In fact, you could make the argument that, because of their lack of advantages in other areas, the ones who make it to a venture pitch actually have more of these raw ingredients because they’ve had to in order to make it to the same destination as their straight white male counterparts. It’s also not something you can fix overnight, either.
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Is it possible that theyre missing out on a deal from a founder because they ghosted the last deal? Maybe, but I also dont know too many times where you pass on a founders first company and then get pitched again for the second. The latter is easier to do as a solo GP who doesnt need team approval.
Was she just an anomaly or is there something else going on here? On the positive side, funding happens so rarely, that you’re inevitably going to be asked how you did it—and it’s just human nature to think that it’s something you did, versus the inherent awesomeness of the idea, the team’s relevance to the challenge, etc.
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They helped me: Refine my messaging for three distinct audiences Identify a new opportunity for angel groups to meet one-on-one with PE firms Validate the idea’s strengths without diluting the core message Just this morning, I met with my virtual board to improve my participant exit interviews.
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Whenever I submit a term sheet, I always caveat it by saying the following: “This is the one time we’re completely misaligned. The price negotiation process is pretty straightforward, and once a deal has been agreed upon we move on. Well, on certain things, they don’t. Founders seem to get that.
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