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Grill Your Investors

Name: Grill Your Investors
Uploaded: 2019-05-01T15:44:23+00:00
Duration: 53 s
Channel: GHION.AI
Description: Nicole Hu describes how her team vetted investors by asking tough questions about their five-year outlook and how they'd react if profits lagged. She…

1 May 2019 · 1 min

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Nicole Hu describes how her team vetted investors by asking tough questions about their five-year outlook and how they'd react if profits lagged. She secured board members committed to the mission of saving lives, not just returns, and advises founders to demand deep alignment before bringing anyone on.

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Now say, we got somebody on the board who told us that this is a way you could get more dollars, but you'd have to give up your mission of saving lives. In any sense. That's a complete no go for us as well. And so we wanted to make sure that there is complete mission alignment with our investors. And we took a lot of time with the potential investors, asking them, where do you see one concern in five years? What would you do if you are not seeing dollar traction in this particular markets? Really just understanding how they would react to this, and are they really aligned to our larger mission of saving lives? And so we were pretty lucky getting the right board members on board. And I do think that is something you should always insist on, getting to know your board members and understanding that we are all in sync on what our mission is.