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Having sequoia and NEA also helps a lot beyond the dollars. How do they help beyond the dollars? I did two startups backed by Sequoia and they didn't provide a
by menloparkbum 17y ago
Having sequoia and NEA also helps a lot beyond the dollars.
How do they help beyond the dollars? I did two startups backed by Sequoia and they didn't provide any help besides the money.
- catch23 17y agoThey will almost always help if they've invested in you by giving you access to their rolodex or providing direct advice. Even angels who don't get a board seat will want to help you if they've invested in you. If they aren't helping you, that typically means they think you're doing a bad job or that they know you're doomed already. And usually it does take some work on the founder's part to actually ask for the help.
- pmjordan 17y agoMobile network operators are notorious for being conservative and extremely difficult to work with. If your business depends on their cooperation, you need all the help you can get. It might not help in every case, but in that example I strongly suspect that they'd be having a hard time to get the carriers to even listen to them without VC backing, never mind doing a deal.