Tips for dealing with venture capitalists

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  • Do not 'shop' around. VC's are incredibly networked and now everything about each other.
  • Do careful due diligence on the VC (as careful as they will do on you)
    • Ask for and call references
  • VC's do not usually want to sign NDA's because:
    • VC's identify areas of interest themselves and hunt out the best people for the job.
    • They will not sign any NDA containing clauses that block them to 'invest' in a certain market space
  • VC's do not usually accept business plans through mail (because the quality is too low)
  • VC's bring in their own people to create the business plans.
  • If the Memorandum of terms has clauses for a penalty for a downside scenario, make sure you also include a clause for the upside!
  • Be aware of tests on leadership:


Part of: M10-S3 - Case - E-docs inc

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