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RE: "make sure the VC doesn't have a conflicting investment": This is very important. My recommendation is to proceed like this: 1) Tell then a little about y
by chris123 17y ago
RE: "make sure the VC doesn't have a conflicting investment": This is very important.
My recommendation is to proceed like this:
1) Tell then a little about your project (not being cagey, just progressive disclosure) and ask if they have any conflicts, such as existing investments or close relationships ti similar companies.
2) If there are no conflicts, then memorialize this via email (maybe you had this whole conversation via email already, so you're done).
3) Save that email, it is evidence of you disclosing enough about your product/service/whatever for them to determine if they have a conflict or not and them representing that there is no conflict.
4) Proceed and peel back some more layers of the onion. Explore together and ask them as many questions as they ask you. Do not fall into the "I'm pitching them" role. You are "pitching" each other, if you insist on using that word. You should be doing due diligence on them.