> The deck from March says that they have been sending the deck around since March, and are still looking for investments You're assuming that most businesses

> The deck from March says that they have been sending the deck around since March, and are still looking for investments You're assuming that most businesses seeking VC money are fundraising full-time. I read this and assumed that the founder was was working on building their business full-time and passively looking for VC. For example, they might not be ready to do active fundraising, but want to "dip their toe" into VC so they're much better prepared in 6-24 months when they are ready to actively raise money? The attention that a business needs gives to fundraising really depends on what the business is, and how well organic growth helps them now.