4 ms·
It is my understanding that VCs will never hunt you down and beg you to take their money. Even if everything goes perfect as far as they're concerned, it will b
by dkokelley 19y ago
It is my understanding that VCs will never hunt you down and beg you to take their money. Even if everything goes perfect as far as they're concerned, it will be a while before you would get a check. The VCs want to meet with you for two reasons:
1. They are interested or invested in what you are doing. They may be planning on investing in that market, or they may have even already invested in a startup and want to scout out their competition. They may also be invested in a complimentary area and are thinking about how what you're doing could add value to what they already have.
2. They are curious and think that what you're doing has potential (read: They think you can make them money). They may or may not try to invest, but the possibility of investing is used as "bait" to get you to meet with them... except in this case you don't want the bait.
In either case, I suggest meeting with them. Let them take you along for the ride, but always be cautious. There is a possibility that you could benefit from their contacts, and starting the money talks now will help if/when you need it in the future. Just be aware of the fact that they might be meeting with you to gather information that can be used against you.
Good luck! You've obviously started something that has at least got their attention - for better or worse!