Post-investment, VC firms spend a lot of time with the new company. We start by agreeing to goals and milestones for the company to achieve.
This could be addressing issues raised in the due diligence process prior to investing, developing a revised business plan, or restructuring teams to meet plans to scale.
Sometimes the headline figure you see in the press is tranched, meaning the company will need to meet certain milestones, such as a number of paid users, or revenue targets, with the funding split into chunks, to be released as each milestone is reached.
To read the full, original article click on this link: Tony Glenning - What do venture capital firms do after they’ve funded a start-up?
