A venture capitalist needs three things to back a founder: a 30x return potential, a large market opportunity, and a founder whose story can convince limited partners and industry audiences. The narrative matters as much as the numbers.
What are the types of things that are going to help you make the case for like why this founder is important? I was kind of joking, kind of not joking when I was saying like venture capitalists at the end of the day are looking for great returns. So depending on your fund size, that defines your strategy. Like in our case, it's like 30x plus, like will this investment return the fund 30x and does the market that you're solving a problem for reflect that? And then second, VCs want to tell a cool story at a conference about a portfolio company that they've invested in, whether they're speaking to prospective LPs or speaking to existing LPs. You know, one of the most common questions that I get from our existing investors is like, tell me about a company that's going well. And I love personally when I can like frame a company that's going well with the context of the narrative
Paige of Behind Genius driving an AI electric train in St. Louis (Intramotev Visit)
