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I don't have first-hand experience but read that VC and funds rarely say direct 'no'. It's often a variation of waiting and evaluating. If they were eager they
by mtmail 1y ago
I don't have first-hand experience but read that VC and funds rarely say direct 'no'. It's often a variation of waiting and evaluating. If they were eager they can get a contract/LOI done in a couple of days.
- mehra-vaayushop 1y agoTx...what should be our response? We provided all docs, again more docs..again more it's time cost for us & we want to rather focus on customers now catch is - I like the team of this fund..which makes this smart money.. tbh - I am also like that we already spent a lots of time already...so let's wrap to a conclusion
- gortok 1y agoYou're not going to get one. You reach out every few months with updates, especially if those updates include the KPIs they're looking for to invest. If you don't know what those KPIs are, then your initial conversation with them was too hand-wavy. If you have traction and you continue to gain traction, follow up every few months with a "This is where we are" email, if you'd like. But if you're waiting for them to do something before you make whatever move you were going to make after they made their decision, you're going to be waiting for a long time.
- mehra-vaayushop 1y agoInteresting take...tx...Do you suggest putting a time cap from our side at least for this conversation?
- mtmail 1y agoSlowly move on. Best if you can get interest from another investor. One common reply from investors is "we want to see more traction" (number of users, pageviews, engagement etc) which I'd translate to "we want to see (consistent) growth first"