What They Dont Teach You At Stanford Business School

Stuff you can't learn in B-school: LARRY CHIANG

Don’t Send a Banker to Do a Founder’s Job: Seed Fundraising Can’t Be Outsourced

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Lol, “outsourcing”.

Obvi!!!

Hunter Walk

I fund young companies. I’ve funded companies that everyone has wanted to fund, and companies that not many people had heard of yet. I’ve funded men and women, first time founders and repeat founders. Enterprise ventures and consumer businesses. Entrepreneurs I’ve met via mutual friends and ones who were a cold email into my inbox. Outside of founder integrity, I have very few absolutes about the attributes of the people and company that will be our next investment. But I’m skeptical I will EVER write a seed check to a company that reaches out to me via a banker or placement agent.

At the seed stage there are just some things you can’t outsource and fundraising is one of them. Having a banker or advisor behind the scenes helping you understand the venture process? Maybe (although there’s so much more info out there these days than 10 years ago). But…

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Written by Larry Chiang

August 2, 2014 at 5:57 pm

Posted in Uncategorized

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