Timing plays a big role in #startup funding.
One thing that most startup founders have no visibility to when pitching VCs, is the appetite of investors to make an #investment.
For me, it's based on the following:
1.) The timing of their last investment… if it's been a while (2-6 months), they are very eager to find great founders and companies to invest in. If they just made an investment, they are usually less in a "rush".
2.) Whether they are currently deep into a deal they are in the process of closing. There is just not enough head space for making another investment...
3.) Who else is in the deal / excited to invest. Social proof makes a big deal in the VC world (though the best investors don't need it).
4.) If they are busy raising capital for their own fund…
5.) Personal / life events - summer travel, family milestones, etc.
In the end, a lot of it comes down to being at the right place at the right time.
So, what does it come down to? Sourcing... relationships... warm intros, and being persistent...
And yes... a bit of luck too :-)
Happy to hear your thoughts on the topic... anyone else experienced this?
Let me know in the Comments section below!
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