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After reading the previous article in which Jessica mentions "grabbing coffee with investors" as waste of time, I am conflicted. Most VC and angels advise to fo
by ganeshkrishnan 9y ago
After reading the previous article in which Jessica mentions "grabbing coffee with investors" as waste of time, I am conflicted. Most VC and angels advise to form personal relationship and yet here I am being advised against.
Do VC's even think from a new start-up perspective?
Why is there so much chasm between what they think and what really is for startups on ground?
I am running a start-up and my time is split between customer support , managing my team, forming partnership ( which Jessica didn't want to) , developing ML code, creating roadmaps and attempting to talk to VC's
Partnership with Intel is how I got a free deep learning machine on cloud, partnership with IBM got me business contacts to network.
And there is this fanatic obsession of ARR.
Honestly, as an upcoming startup we would have been long dead if we had listened to any typical advice from VC firm.
One of the first question from Sequoia partner was about ARR although we are growing and I explained we are focused on almost zero churn rate as customer data is more important than his money for our ML.
Are we missing anything?