A Tip on Closing a VC Round

Never try to close a VC round during the summer.

The problem is magnified if you're using a syndicate of several firms. The timing issues are a nightmare. Your VC will go on vacation (times however many VC firms are in the deal). Your lawyer will go on vacation. The VC's lawyers will go on vacation. Things that should take days, take weeks instead.

I'll be making a number of posts over the next few weeks detailing how we put together a VC investment.

Comments

[Ann Bernard]

Erik,

Can't wait to read your future posts. A topic near and dear to my heart and I know you have successfully experienced it yourself, plus you appear to have a solid background and knowledge in/of the "field". You can help us junior entrepreneurs!!

Thank you for the comment, I will send you an email with answers...and perhaps a few questions.

Thanks for your time.
Ann