Not all VC interest is good interest. Figure out what kind of fund you’re talking to!

If you're a founder, unless you're doing this right, you're probably wasting your time. Always, always, always find a lead investor first. What do I mean by that? Funds are of two types. They're either lead funds or they're follow funds. So many times I have met founders that come and say, hey, you know what, I have so and so already committed in the round, but I'm still looking for a lead. All this is telling me is that no one really has condition in your business yet. This is not a good thing, trust me. So do the hard thing and try to find a lead investor first. Oftentimes lead investors like myself have relationships with a number of follow on funds and angel investors and we will bring those funds and investors on board. It doesn't matter how good or bad the fund is. But get a lead term sheet and that is the first and only thing you need to do in your fundraising. And never ever, ever go tell a lead VC that you have follow interest because that is only going to dilute the attractiveness of your fundraiser, not help it. I've just started creating content. If you like this, please hit follow and share with anyone who you think might find this useful.