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You don't have to sell the VC initially, just to people that a VC will listen to. It is a bootstrapping process.
by jandrewrogers 6y ago
You don't have to sell the VC initially, just to people that a VC will listen to. It is a bootstrapping process.
- rexreed 6y agoOk let's keep digging deeper. Imagine you're a startup with a great story in Nashville, TN. Or perhaps Columbus, OH. Or Riga, Latvia. Or Bogota, Colombia. The specifics don't matter, but the fact that these are in VC "back waters" is the main issue. Who are the VCs listening to in Nashville, Columbus, Latvia, and Bogota? Or if they aren't listening regionally, then where and who are they listening to? My understanding is that VCs, like most people, are fundamentally lazy. They won't go out of their way to listen to people they aren't already listening to. This means the same networks, inbound deal feeds, and communities.