VC phrases - and a 12 step approach
This is a little something that I found and really thought was interesting, especially since it comes from a VC’s mouth.
Sometimes I wonder if I’m writing blog entries on the wrong side of the table.’ Recently, a few of my portfolio companies as well as others who have popped into the office for a NHNF meeting, have entertained me with more fun VC death phrases.’ To my brethren, I apologize if I offend.
Let’s go to the next step.
Lord, this phrase just blows. Every time a CEO comes in and tells me Bob’s Big Boy Ventures told him/her that they want to go to the next step, I say the same thing: ‘Excellent! What step are we on?” That usually results in blank stares. Unless you have a VC checklist which outlines the steps that firm is taking,’ you are shooting in the dark and potentially wasting your time.’ Get the format, the checklist, the steps, whatever, so you can figure out where you are in the process. I’ve posted our process here.’ Every firm has something close. Get it and stay efficient.
(Via The Post Money Value.)
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