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I've taken some money from VCs. (~1m over 2 rounds.) In some cases they wanted to be very active in the business, in others they were more passive. The ones who
by cabaalis 8y ago
I've taken some money from VCs. (~1m over 2 rounds.) In some cases they wanted to be very active in the business, in others they were more passive. The ones who wanted to be very active were problematic, mostly because the founders did not welcome their strategy contributions and there seemed to be an inherent suspicion of their intentions. When the business failed, this only amplified.
It would seem to me the best situation would be a VC who actually has industry experience in your target market. I'm not talking about SaaS experience or hardware/software xp, but connections and experience in the actual industry you are trying to disrupt.