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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

Or if you’re a VC raising from LPs you have to list all of your deals, your investment value, your carrying value, your multiples, your IRRs, TVPIs, DPIs, etc along with net cashflows plus your previous LPAs. For starters you have to realize that fund-raising is a sales process. and then asking to take a brochure home with you.

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Don’t Cede Control: Why You Need to Cut out Middle Men in Negotiations

Both Sides of the Table

That said, there are times where you need to cast a wider net. But as it goes to the legal docs naturally 20 issues arise the require negotiations. We’re both principals in a sale. On balance I usually prefer to recruit people from my network both in terms of saving costs as well as hiring people I know & trust.