Owning Your POV
If you’re a founder, it’s worthwhile to know your investors are sufficiently self-aware to see & correct their mistakes, celebrate collective wins, and better themselves. If you’re seeking more from the relationship you have with your VC and not getting it, it might be because nobody at their firms is reminding them (by teaching, learning, doing) what they already know they should do.
- If you are involved in a portfolio company, you are accountable for it.
- Know the milestones that matter to our founders and the success of their business (and on what timeline). Have a view on what needs to happen next.
- Hires: Which relationships and/or skill-sets are missing from the team to accomplish the above?
- Funding: What will Vine need to see in order to re-invest? How will Series A investors evaluate the company?
- Exits: Know who the potential buyers are. Know at what point this becomes a necessary conversation to have. Understand options: acquihires, etc.
- Be intellectually curious and develop a POV for what works in different categories.
- Be a productive investor. Don’t be dominant in the last year and irrelevant in the next. Which categories are you comfortable investing in? Which are you trying to become more suitable for?
- Build relationships with other investors on the cap table. If you have multiple avenues of information coming to you, then you develop an enhanced understanding.