Drafting your first investment round.

OP here.

I would love to try something here. The goal is to have a good source for early stage founders. And my advice - in the end - is also just one opinion. I would love to hear yours.

If you got your own insights to add (or spot errors) I would recommend you to submit your changes via draft[1]. I will add them step by step.

[1]: https://draftin.com/documents/57927?token=tGIgh5zd28S0cGt0Yy...

Right. Every founder should look for A-level co-founders as well as A-level investors. The only thing I would make more clear here is how long does it take to find those A-level people and close investment round. Founders have to multiply by two whatever number they have in their head :) Closing round alone takes about 4 months in average. The worst thing that can happen is to get short on money while looking for investment. This not only makes things complicated for startup, but also scares away investors. So it is very important to save/earn enough money in order to get more (smart) money.

Good poker players have at least 100 stakes (the amount they can loose in one game) in their bankroll. This way they can avoid short term harmful decisions. If this comparison makes sense...

Post is great like many other recent presentations/posts by Andreas and def deserves retweet :)

Cheers @staurimas

What I like is that its an honest hands on approach from a founders view with the thus resulting experiences. I work as a VC and I could not explain these observations in the same way and give the feeling of being with you in a bar in a founder to founder relationship.

Look forward to reading more :)

Great article. For something even more in-depth, see Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld http://amzn.com/0470929820 (I just finished reading it, and found it extremely informative.)

I love the quote from @msuster