This episode of the Retail X Series podcast features is all about the do's and don'ts when pitching a venture capitalist. Mac Conwell, Managing Partner at RareBreed Ventures, talks about what VCs are looking for, what you should ask a VC in your first meeting and demystifies what "traction" really means at the early stages. If you're a founder about to pitch your first VC, don't miss this episode!
Topics:
- What early rounds look like right now - preseed, seed and seed plus
- Why investors look for a startup to have the pathway to becoming a unicorn
- Which early "metrics" are important to VCs
- What traction can look like at preseed, and some unique ways founders have shown traction
- How the first meeting with a VC should go
- What questions founders should be asking VCs in the first meeting
- How to think about valuation at the early stage (hint: it's more art than science)
- Why raising (or trying to raise) too early doesn't work
Follow Mac on Twitter @MacConwell
Music by Eino Toivanen, kongano.com
Edited by Deven Shah
Learn more at Retail X Series and follow @retailxseries on Twitter and Instagram.
To submit a pitch or to find out more about Sapna Shah, check out Red Giraffe Advisors.