if I had the guts to carry my entrepreneur passport again, with all its stamps of failure on it , and was looking for some nuggets of information that might “level” the playing field and help put more transparency in the funding process, I’d start by just making sure I asked the following questions of my future venture funders.
- Do you sit on boards?
- Can you introduce me to 2 or 3 entrepreneurs you have worked with?
- Where is the firm in its fundraising cycle/capital deployment?
- What does the funding process look like for companies that have been successfully funded at your firm and what does it look like for companies that haven’t?