It Happened to Me: VC Pitches Gone Bad & Lessons Learned

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IT HAPPENED TO ME VC Pitches Gone Bad & Lessons Learned

Transcript of It Happened to Me: VC Pitches Gone Bad & Lessons Learned

Page 1: It Happened to Me: VC Pitches Gone Bad & Lessons Learned

IT HAPPENEDTO MEVC Pitches Gone Bad & Lessons Learned

Page 2: It Happened to Me: VC Pitches Gone Bad & Lessons Learned

We interviewed successful Founders and CEOsfrom the Quibb network about their experiencepitching investors

What do they wish they had done differently?

What was their biggest lesson?

What are their top tips for first-time founders?

What strange experiences did they have?

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Investors are interested in different things -the idea, the team, the big opportunity, themarket - the list goes on and on.

Jason ShenCo-Founder at

Ridejoy

"...be ready to pitch differentpeople in different ways."

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Kate KendallCEO at

CloudPeeps

"Founders who ask forgeneric ‘intros toinvestors’ aren't ready toraise money"

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"I don't understand. Why wouldwe ever pay you for this? Whywouldn't I just get someone in theUkraine to do this for $10,000?"

Chris LawCo-Founder at

Aggregate Knowledge

- Investor that Chris pitched

Lesson learned? Sometimes investors askreally dumb questions ;)

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When an investor called Elizabeth Yin a'meek Asian woman', and questionedher ability to lead a company of 100people... she pulled up a chair, satdirectly in front of him, and stated loudly:

Elizabeth YinCo-Founder at

Launchbit

"I don't see that being a problemat all"

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Kate KendallCEO at

CloudPeeps

Aim for a balance with your investors, toavoid the 'too many cooks in the kitchen'problem

“You have to round out your roundwith people who are both morehands-on, and less hands-on.”

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When culture causes confusion, tell theinvestor you don't understand

Dhawal MujumdarFounder at AdsNative

“During one of my pitchinterviews, an investor wastalking about baseball". "...theinvestor said, ‘I assume you aregetting it…’ and I was like, ‘Idon't understand baseball.’”

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Elizabeth YinCo-Founder at

Launchbit

"...be on your toes. I've heardcrazy things that havehappened to other foundersthat you can't even imagine."

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Read their full stories with all the details, asyou prep to deliver a great investor pitch

How Smart Founders Find Investors

Things Investors Say That Confuse Cross-Cultural Founders

How I Reacted When An Investor Called Me A 'MeekAsian Woman'

The 10x Pitch: When Making An Impression Is Epically Hard