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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

the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. Let me start out with my premise: “Data rooms are where fund-raising processes go to die.” I have to back up and give you more context.

Funding 336
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Why Hearing “No” in a Fund-Raising Process is Actually Healthy

Both Sides of the Table

Every entrepreneur wants to hear “yes” during the fund-raising process but I would argue that being too risk averse and not pushing hard enough and be willing to hear a “no” is what holds back many people from “yes.” She stood in front of the sales executives and shouted at them like she was a high school football coach.

Funding 189
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5 Steps To An Innovative And Winning New Venture Plan

Startup Professionals Musings

Any startup coach or business advisor will tell you that, on your way to being a great chef, you don't start your journey by inventing the ultimate entre. Finally you create and document your recipe (business plan). In all cases, don’t skip the basic training.

Startup 112
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5 Early Entrepreneur Strengths That Can Limit Growth

Startup Professionals Musings

During the early stages, you are the company, processes are not documented, you don’t have much help, so you need a fanatical attention to detail. Investors don’t want to fund your stumbles. The key is to make decisions from data and feedback, once your business has real customers and real products. Absolute control.

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5 Basic Ingredients For A Startup Recipe For Success

Startup Professionals Musings

Any startup coach or business advisor will tell you that, on your way to being a great chef, you don't start your journey by inventing the ultimate entre. Finally you create and document your recipe (business plan). In all cases, don’t skip the basic training.

Startup 156
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7 Keys To Moving Your Best Of Breed Odds Up A Notch

Startup Professionals Musings

I’m convinced that it’s a lot more than the foibles of any specific market, availability of funding, and just luck of the draw. We all have fears of the unknown, but the best of you will document the challenges ahead of you, and tackle them one by one with a plan, getting the help and learning from each success and failure.

Startup 121
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How Much Information Should you Give VCs for Due Diligence?

Both Sides of the Table

I often caution entrepreneurs about seeing too many VCs when you’re beginning your fund raising process both because information tends to leak and because if you see too many people who talk with each other you’ll soon have whispers amongst all of the VCs who “passed on you” and your deal will seem over-shopped and lacking in momentum.