4 ms·
VCs do months of due diligence before they'll write you a check. We review an application from and write a check after speaking with you for 10 minutes.
by Harj 17y ago
VCs do months of due diligence before they'll write you a check. We review an application from and write a check after speaking with you for 10 minutes.
- jacquesm 17y ago> VCs do months of due diligence before they'll write you a check. That just simply isn't true. Early stage is much quicker. The only time a VC needs 'months' to do dd is when there is a substantial company already, so when you're doing a late-stage investment, usually in the millions.
- freshfunk 17y agoExactly. I think YC's process works for YC. But I wanted to make that counterpoint about VCs/angels and batting avgs in the context of this thread so that people don't infer that because they didn't get YC they will likely not get angel or VC money.