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Are you accounting for help, in the area they're supposed to be good at? Finding further investment, recruiting senior people (eg a CFO), finding exit options,
by dalbasal 8y ago
Are you accounting for help, in the area they're supposed to be good at? Finding further investment, recruiting senior people (eg a CFO), finding exit options, finding acquisition targets, legal, accounting... Thoses aren't things you need everyday, but outside of most founder's expertise on the days they do.
I mean it's great if they can help with product strategy, or technical stuff but.... they're finance people. I feel like setting this expectation might lead to no good.
- austenallred 8y agoYes. Good VCs can do the above - that’s a layup, mediocre VCs try to help at the above but are hit and miss on their helpfulness.