Advice to entrepreneurs: VC cautious please don't ask them to recommend
Source: Internet
Author: User
KeywordsVC recommended
VC is very cautious to recommend, if they say not interested in your project, do not ask them to recommend other investors. Wen/brad Feld as a VC, I will continue to receive emails from entrepreneurs seeking financing for their company, and I am delighted to receive these emails and try to respond to them all. When they ask me to make some suggestions, I will recommend to him as soon as possible some articles I have written, or individual replies. If this is a potential investment target, I will quickly determine whether I am interested: if there is, I will let the entrepreneur provide more information, I will be more involved, otherwise, I will politely tell the entrepreneur this is not within my consideration. In some cases, the entrepreneur doesn't contact me any more, and in some cases I get a simple email that says "Thank you for your attention". Occasionally, some entrepreneurs will react negatively, and they rage to say how the VC is the scourge of society, how they stifle innovation, and even that I may have nothing to do at home often abuse puppies. I would not respond to this practice at all, and that would have little effect. But I noticed that one of the things that happened was 25%: the entrepreneur I rejected asked me to recommend other investors. They have several approaches: "Can you recommend me to an investor who might be interested in me?" "There's a little bit more tactful," Could you give me some advice on how to communicate my project to someone? "In the past more than 10 years, this has been a lot, and I realize that this is a very bad way to engage in relationships," he said. In all kinds of interpersonal seminars, training sessions, and sales forums around the world, people who attend will hear a lot of statements like this-"If you're rejected, let them recommend you." "I never used it when I was communicating with other people," he said. After being rejected, I don't remember saying, "I know you're not interested in me, but do you have any friends interested?" I've never really figured out why people think this is going to work in a business environment. When you face potential investors, the situation is more complicated. Many investors, especially VC, often do not respond to unfamiliar e-mails that beg for investment. Even if investors reply, it does not mean they are interested, it is just polite. It would be nice if they showed interest, or promised to give you some kind of help. Otherwise, they tell you explicitly that they are not interested. Make recommendations to investors who are not interested in you, you're doing two things: first, you're asking someone you don't know who's just being polite and prudent to do something extra for you, and second, it's more important that you're actually asking them to compliment you implicitly. VC is very cautious to recommend. If there is a VC I trust to email me to recommend an entrepreneur, the first thing I want to do is to get this VC to give more information about the person being referred to and ask him if he wishesInvest in this person. If this VC does not know this entrepreneur, I will immediately question this recommendation of gold. If this happens frequently, I will seriously discount the recommendation from this VC. This is a self-correcting approach, good VC is very cautious to recommend, because he wants to let both sides think the recommendation is very valuable. Hope that entrepreneurs can understand the truth. (Translate/Gui)
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