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It doesn't work that way. You reach out to funds, work the circuit, etc. Any investment requires time from both parties, and it takes weeks to close a transacti
by ryandamm 10y ago
It doesn't work that way. You reach out to funds, work the circuit, etc. Any investment requires time from both parties, and it takes weeks to close a transaction. Thiel-affiliated funds are automatically off my list. We've had a few cold outreach investors contact us, but not many. Most are referral-based.
Funds live and die on dealflow. There's a limited amount of time to talk to investors, so you have to prioritize. Funds that are de-prioritized don't get the opportunity.
In other words, I won't ever have to decide whether my convictions are that strong, because that scenario wouldn't happen. Ask an investor for their perspective, though. I'm sure it will corroborate my experience.
- GrinningFool 10y agoFair enough, thanks for the explanation.