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“Oh, Great God of Venture Capital,” I said, “Can you help me find a good VC or two for my new venture? I won’t even ask for a great VC, just a good VC will do.
“Are you taking notes, oh Great God of Venture Capital? Here’s my list. It’s just five items, and one of them is a reprise of an item, so it’s really only four items.”
A. Show me the money.
Thinking about Venture Capital is like Maslow’s hierarchy of needs, there is no greater need than your need for money.
If a VC can’t be a reliable source of funding, assuming you do your job reasonably well, then what good are they? ‘Nuff said.
Let’s assume you find a VC that can do that. You could argue that’s enough for a VC to be defined as a good VC. However, there are a few more things that are reasonable to expect from a good VC.
B. Don’t make our board meetings a painful experience.
One of our investors, the notorious “Raul,” ran hot and cold. When he was positive about our company, our board meetings were a breeze.
However, when Raul wanted to be disruptive, he made our board meetings a nightmare for everyone involved. And, in doing so, he created a bunch of unnecessary work, not to…
