If you’re keen to meet investors in Silicon Valley and seal the deal for your startup this year, Danielle Morrill has some useful advice for you.
The outspoken CEO of Mattermark took to Twitter last night to share advice founders might find helpful when approaching VCs.
Over several tweets, including a bunch of good ones from other founders and investors, Morrill offered tips on being punctual, tracking your fundraising progress, dressing for meetings and where to get a bite around major VCs’ offices.
I’ve compiled the entire tweetstorm for easy reading at this link. Here are my favorites:
7) if you want a signed term sheet by the end of October start requesting meetings now
— Danielle Morrill (@DanielleMorrill) August 23, 2015
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13) early morning breakfasts at obscure spots are the real getting-to-know-you signal
— Danielle Morrill (@DanielleMorrill) August 23, 2015
14) unless you are the second coming of Zuck, pitch deck is absolutely required. It is 100x harder to raise A than seed
— Danielle Morrill (@DanielleMorrill) August 23, 2015
15) Ladies, skip the heels. A lot of investors like to do walking meetings, no need to suffer.
— Danielle Morrill (@DanielleMorrill) August 23, 2015
20) you should know your numbers so deeply and your market so deeply that you could recite them if the slides don't work, without looking
— Danielle Morrill (@DanielleMorrill) August 23, 2015
25) you need a CRM or at least spreadsheet to keep track of your VC relationships. Kids names, hobbies, companies they're proud of
— Danielle Morrill (@DanielleMorrill) August 23, 2015
27) the sandwiches in the Sharon Heights deli are killer
— Danielle Morrill (@DanielleMorrill) August 23, 2015
34) at the end of the day, go home to your support network and share your thorns and roses (learned this from @chrisfhoward's 3 boys)
— Danielle Morrill (@DanielleMorrill) August 23, 2015
➤ Danielle Morrill [Twitter]
Image credit: Randy Stewart
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