5 ms·
Certainly, it's possible to sell certain VCs on borderline-fraudulent visions of the future, the so-called Investor Storytime pitch. I'm think of Juicero, YikYa
by dadrian 5y ago
Certainly, it's possible to sell certain VCs on borderline-fraudulent visions of the future, the so-called Investor Storytime pitch. I'm think of Juicero, YikYak, WeWork, etc.
However, that doesn't mean that to be a fraud-resistant VC you shouldn't be looking for a story, or that as a founder you're pulling a fast one by having a narrative in your pitch.
To understand something, you need to make connections. To convince someone to invest, you need to get the investors to understand what your business is and why it's going to grow and make money. Connecting a series of facts and ideas from a starting point to an end IS the definition of a narrative.
That's just how humans interact, disseminate information, and learn. Even technical work (and pure math!) does this.
- silexia 5y agoThis author leads with her gender. Could a man have raised as much (or any) money as the author did without a customer or any experience or a demo version of the product?
- jjeaff 5y agoYes, they do all the time. And it's likely still easier for men to do so than for women.
- gailees 5y agoHonestly, it’s crazy. We back incredible women who end up spending at least four times fundraising than similarly qualified men, consistently get offered lower valuations, and end up raising less capital. It’s fucked up — the three solo female founders we backed are some of the best performers in our fund I so that makes me wonder how many incredible women aren’t getting funded at all who would also crush if they had the resources.