Quick & dirty: prioritize VC meetings
Recently I witnessed a few entrepreneur friends going through the painful process of raising. What was eye-opening is that I noticed that some of my friends complained about stuff like: “we wasted a lot of time trying to get an intro this VC and then they declined because they don’t invest in our market vertical” or “obviously the way they see the X market is fundamentally different than how we seer it”.
I thought that some of this can be avoided with some quick and dirty due diligence but it just needs to be structured. So I put together a very brief structure of what to tackle and how when doing VC due diligence as an entrepreneur. I have to say that this is not a comprehensive guide, it’s just a back-of-the-envelope exercise and there is definitely more to be done. But this can at least get you started.
You can also access an excel template you can use if you want to in order to keep track of your VC/Angel pipeline.