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Venture Capital Is Really About Relationships

Published: 6/26/2013 9:51:26 AM


I re-tweeted this Tweet yesterday because it stated something so clearly: just like real estate is about location, venture capital is about relationships.

I see a lot of entrepreneurs make the mistake of thinking that venture capital about money, when the reality is that it is about much more than that. You see this mentality with so many entrepreneurs who are interested in crowdfunding, i.e., pushing a few buttons and getting a bunch of nameless, faceless people to write a check. It is a tempting concept. It may be valid for certain situations.

Entrepreneurs who take the time develop relationships with VCs will reap the greater long-term rewards of doing so.

It's not easy, because just like dating, there can be a lot of rejection and misunderstanding. It's hard to find the few VCs that will really "get" the opportunity with your startup.

However, with a talented and attentive VC, you not only receive financial backing, but something much more: experienced mentorship and assistance in building your company.

Having an experienced VC on your team is worth its weight in gold.

Don Jones
VentureDeal

 

 

Don Jones
CEO, VentureDeal

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