A short YouTube discussion from Precursor Ventures advising first-time founders that once they secure a lead and term sheet, their priority commonly shifts to closing the round quickly rather than managing every potential investor relationship.
What you said is really true, especially with our first time founders. I think once you find your true believers, the focus almost immediately shifts to how do I get this round done as quickly as possible? Not how do I do the most complete, thorough job of making sure I reach out to and touch base with every single person in my network who might want to invest is usually like, I have a term sheet and a lead. I want to close and I want to close. That's my priority. It's not to make sure that I like manage every relationship and every conversation.
