Here’s the deal. If you’re smart, you realize that “the right investors” can offer you way more value than just the green stuff they are putting into your deal. I think entrepreneurs – because they are desperate, jump way to soon and end up in bed with someone who might have money, but beyond the money, they are pretty much useless.
Instead of looking at the investor as, holly shit this guy has a ton of money, look at him like, who does this guy know? What can he teach me? Who are his contacts? How well does he know the industry I am in? Try this next time and I promise you will be thanking me later.
I share this because I think all entrepreneurs F this up at some point in their entrepreneurial career. I have, you will, everyone does. Why? Because we are normal people who get excited and end up pulling the trigger to soon. Take my advice and the thousand other entrepreneurs that have pulled the trigger to soon. Be smart.
The other thing that I’ve learned, when your dealing with venture capitalists, they know their shit and they have been around the block a few times. And, when you get the right VC involved in your deal, it is the difference between achieving minimal vs. maximum success.
Here is where VC’s tend to offer the most value:
1. Their networks: They’ve spent their entire life building their network. This includes: investors, partners, talent, vendors, distributors, etc.
2. Experience, knowledge, and wisdom: They can help you understand what it is going to take to make your deal a huge success. They have been there and done that. Listen to them. If you think you no more, you need to be bitch slapped.
3. Sources to other green: When you spend your entire life building and growing companies you end up having several investor and VC relationships. Tap into this, It’s the fastest route. I promise.