When do VCs make mistakes?

Lately, entrepreneurs reading the VC press  have been seeing investment announcements that leave their mouths agape.  Press releases featuring giddy investors justifying nosebleed valuations have sent them scrambling to the lucky company’s website to figure out what product, team, and idea could possibly be worth that much.  All this…

Getting Funded: Step 5, The Legal Grind

Term sheet signed, due diligence complete, now it’s time to head into the last stage of the funding process — the closing.  I don’t mean to use the title terms “legal grind” negatively. But, for most VCs and for most entrepreneurs, getting through the legal paperwork required to complete…

Getting Funded: Step 4, Due Diligence

You made it through the partner meeting, your email dings, your phone rings — good news:  the VCs liked your company enough to proceed to the next step: due diligence.  Usually, the word will come from your “inside coach”, as explained in a prior post. “Due Diligence” is a broadly defined…

Getting Funded: Step 3, The Partner Meeting

A series of articles about getting through the VC process from a serial entrepreneur who now sitting on the other side of the table. Welcome to the next step in your funding journey:  the partners’ meeting.  If you have followed this series, by now you will have gathered your materials,…

Getting Funded: Step 2, The First Meeting

A series of articles about getting through the VC process from a serial entrepreneur who now sitting on the other side of the table. So far so good.  You gathered the materials I described in [Step 0](http://blog.thansys.com/2011/07/03/getting-funded-step-0/ "Getting funded: Step 0 – Prepare"…