We do venture capital research so you don't have to!
The first VC database that we researched was used to raise our pre-seed round in London. That round was a mix of angel networks and early stage venture capital firms. We then raised funds through a joint venture with a partner company. And finally, we did the whole process again TWICE for a ...
...seed round that took so long that it ended up being a series A. And this all happened over a 24 months period.
Cold conversations that happened in month 2 ended up only paying off in month 24. And smoking hot conversations that we had with contacts from day 1 never developed into anything.
The process is drooling. The stress is permanent. And researching investors while you are trying to build a business just feels like a massive pain in the a**. But this research is crucial. It’s probably one of the most important parts of fundraising. We definitely went too fast and made 3 big mistakes (at least):
Do not get the wrong investor on board just because they were the first to offer you any money.
Do not wait for too much traction before talking to investors.
Do not make it difficult for venture capital firms to come on board with a non-standard cap table.
Avoiding these 3 mistakes was actually quite simple start building relationships with investors a lot earlier.
We wished we’d had the VCTracker databases when we were raising funds. It would have saved us weeks of research time. We would have pitched more investors. And we would have got to know venture firms that were a lot more suited to our sector and growth stage.
We really hope VCTracker will help you jumpstart your fundraising process!