Comments on: 12 Steps to Short-Circuit the Fundraising Marathon http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/ Trusted Insights and Conversations on the Next Wave of Technology Thu, 26 Nov 2009 13:00:29 +0000 http://wordpress.com/ hourly 1 By: Four Tips on Raising Venture Capital « Change Agent http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/#comment-915496 Four Tips on Raising Venture Capital « Change Agent Sun, 30 Nov 2008 01:08:43 +0000 http://gigaom.com/?p=24034#comment-915496 <p>[...] Painter’s advice – contained in a post by Carleen Hawn  – deserves respect because he’s had so much success in raising venture [...]</p> [...] Painter’s advice – contained in a post by Carleen Hawn  – deserves respect because he’s had so much success in raising venture [...]

]]> By: Monetize . . . or Die? | Technosailor.com http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/#comment-906635 Monetize . . . or Die? | Technosailor.com Wed, 22 Oct 2008 16:17:23 +0000 http://gigaom.com/?p=24034#comment-906635 <p>[...] $10M and $20M was achievable in Year 3. (Maybe I should have given them an interactive model or web toolkit, that would let them dial in their own [...]</p> [...] $10M and $20M was achievable in Year 3. (Maybe I should have given them an interactive model or web toolkit, that would let them dial in their own [...]

]]> By: Top 5 ways to get to pitch a VC even if you don’t know any http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/#comment-905896 Top 5 ways to get to pitch a VC even if you don’t know any Sun, 19 Oct 2008 17:55:38 +0000 http://gigaom.com/?p=24034#comment-905896 <p>[...] I have another story that gives you an alternative to this approach on an excellent post on gigaom (http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/) where Scott Painter (Painter has raised hundreds of millions of dollars in his career ($350 [...]</p> [...] I have another story that gives you an alternative to this approach on an excellent post on gigaom (http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/) where Scott Painter (Painter has raised hundreds of millions of dollars in his career ($350 [...]

]]> By: Michael Sheridan http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/#comment-904517 Michael Sheridan Mon, 13 Oct 2008 19:18:36 +0000 http://gigaom.com/?p=24034#comment-904517 <p>Great post. There are really some valuable pieces that I can use right now in my capital raise process.</p> <p>There is one tool I have used before for some small business plans, but I am not sure it works as well as the seemingly proprietary web-based tool that Mr. Painter is using. It is called PlanHQ (www.planhq.com). I am not affiliated with them nor do I want to represent what the product can actually do.</p> Great post. There are really some valuable pieces that I can use right now in my capital raise process.

There is one tool I have used before for some small business plans, but I am not sure it works as well as the seemingly proprietary web-based tool that Mr. Painter is using. It is called PlanHQ (www.planhq.com). I am not affiliated with them nor do I want to represent what the product can actually do.

]]> By: Adrian Barrett http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/#comment-904418 Adrian Barrett Mon, 13 Oct 2008 08:14:39 +0000 http://gigaom.com/?p=24034#comment-904418 <p>Fantastic post - Does anyone know if something like the Web Toolkit Painter describes is available ready to go? The closest I can think of is Google Apps, but I'd rather not charge off down that path through my ignorance of something better.</p> Fantastic post – Does anyone know if something like the Web Toolkit Painter describes is available ready to go? The closest I can think of is Google Apps, but I’d rather not charge off down that path through my ignorance of something better.

]]> By: Bob Kirk http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/#comment-904378 Bob Kirk Mon, 13 Oct 2008 03:32:55 +0000 http://gigaom.com/?p=24034#comment-904378 <p>Carleen, this is so excellent!!! The ideas and flow are so portable to a variety of apps. Thank you!!!</p> Carleen, this is so excellent!!! The ideas and flow are so portable to a variety of apps. Thank you!!!

]]> By: Mark MacLeod http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/#comment-904322 Mark MacLeod Sun, 12 Oct 2008 19:46:26 +0000 http://gigaom.com/?p=24034#comment-904322 <p>There are some great suggestions here. This process can work well for web startups but might not be so great for more technical infrastructure-type plays.</p> <p>Also, I actually think some time can be lost by waiting for someone to login and play around.</p> <p>I too start from a long list and filter down based on fit. Rather than sending out a web app to play with, I send an e-mail and move quickly to a quick call. I screen and qualify VCs (in the same way as they screen entrepreneurs) and book meetings with people who are genuinely excited about the story.</p> <p>One other suggestion not covered here is to BE READY. That means: - Have everything a VC will need up front (pitch, competitive analysis, pro formas, exit comparables, management bios), etc. Don't be caught not having something you know will be asked for.</p> <ul> <li>Be due diligence ready. Have all your docs scanned, indexed and ready to go as soon as you have a signed term sheet.</li> </ul> <p>Mark</p> There are some great suggestions here. This process can work well for web startups but might not be so great for more technical infrastructure-type plays.

Also, I actually think some time can be lost by waiting for someone to login and play around.

I too start from a long list and filter down based on fit. Rather than sending out a web app to play with, I send an e-mail and move quickly to a quick call. I screen and qualify VCs (in the same way as they screen entrepreneurs) and book meetings with people who are genuinely excited about the story.

One other suggestion not covered here is to BE READY. That means: - Have everything a VC will need up front (pitch, competitive analysis, pro formas, exit comparables, management bios), etc. Don’t be caught not having something you know will be asked for.

  • Be due diligence ready. Have all your docs scanned, indexed and ready to go as soon as you have a signed term sheet.

Mark

]]> By: Alex http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/#comment-904309 Alex Sun, 12 Oct 2008 18:42:01 +0000 http://gigaom.com/?p=24034#comment-904309 <p>My vote is this is a top ten candidate for post of the year. AWESOME!</p> <p>When I did my first start up it took us 55 meetings before getting our Series A. Biggest challenge a entreprenuer has is that VC's simply don't have a sense of urgency.</p> My vote is this is a top ten candidate for post of the year. AWESOME!

When I did my first start up it took us 55 meetings before getting our Series A. Biggest challenge a entreprenuer has is that VC’s simply don’t have a sense of urgency.

]]> By: Raising money from VC Q4 2008…watch out! http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/#comment-904303 Raising money from VC Q4 2008…watch out! Sun, 12 Oct 2008 17:30:17 +0000 http://gigaom.com/?p=24034#comment-904303 <p>[...] his career ($350 million for CarsDirect, alone) said on a great blog post on this topic at GigaOM (http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/): “VCs are still sitting on large funds. The biggest financing impact will be on mid- and [...]</p> [...] his career ($350 million for CarsDirect, alone) said on a great blog post on this topic at GigaOM (http://gigaom.com/2008/10/12/12-steps-to-short-circuit-the-fundraising-marathon/): “VCs are still sitting on large funds. The biggest financing impact will be on mid- and [...]

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