This weekend I spent some time going through Tren Griffin's new collection of essays "A Dozen Lessons for Entrepreneurs." There is some good advice and great content. I can't help but notice a big gap in the talking points of these VCs about partnering with founders and providing a network of resources vs my own experience.
At my last startup we had investments from some very big names that you'd all recognize. I think that they collectively provided one great enterprise lead and hosted a couple of meetings around that lead. The founders/founding team did key hiring with our own network and cold reach out.
I'm wondering, was our experience out of the ordinary. I assumed that the network effect of investors was largely about networking to other investors and the rest was just flowery language. But now I'm wondering if there is more to it and we didn't use or weren't offered all of what our investors had to give.
Have you gotten anything more from VC firms than a cash for equity transaction?
At my last startup we had investments from some very big names that you'd all recognize. I think that they collectively provided one great enterprise lead and hosted a couple of meetings around that lead. The founders/founding team did key hiring with our own network and cold reach out.
I'm wondering, was our experience out of the ordinary. I assumed that the network effect of investors was largely about networking to other investors and the rest was just flowery language. But now I'm wondering if there is more to it and we didn't use or weren't offered all of what our investors had to give.
Have you gotten anything more from VC firms than a cash for equity transaction?