What are the best practices for raising a seed round after Pitch Day?

by Kraettli Lawrence Epperson in Uncategorized

7885539_sWe thought this Quora question was so appropriate for our audience that we’d share it here:

“What are the best practices for raising a seed round after a Demo Day?”

A few highlights:

    • No one is going to invest based on the demo day presentation. Investors just make in/out lists based on their preferences and gut feeling. Do anything get into the “in” column.
    • Fundraising is a full time job. Don’t try to do anything else while you fundraise. Be available, always suggest 2-3 times when you schedule appointments.
    • Never leave a meeting without next steps and always, always, always followup after a meeting – on the same day – by email addressing open questions and reiterating important points.
    • The deal is not done until the money is in the bank! The market could crash tomorrow, they could change their mind — Always Be Closing.

Be sure to read the whole thing! We couldn’t have said it better ourselves.

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Kraettli Lawrence Epperson

Managing Director at JumpPhase Ventures
This blog is dedicated to providing advice, tools and encouragement from one entrepreneur to another. I want to keep this practical and accessible for the new entrepreneur while also providing enough sophistication and depth to prove useful to the successful serial entrepreneur. My target rests somewhere between the garage and the board room, where the work gets done and the hockey stick emerges.