The
venture capital ecosystem is a hall of secrets. The rise of the
venture capital blogger, notably Union Square Venture's Fred Wilson,
entrepreneur-turned-VC Mark Suster and Foundry Group's Brad Feld, is a
welcome first step in providing budding entrepreneurs a view into the
venture world.
But they are the exception to the rule. For the most part, VCs
prefer to keep their entrepreneurs in the dark about how the process
really works for one simple reason: it benefits them greatly.
My company, Buddy Media, raised $28 million last month. I've now
closed about 10 rounds of financing for three different companies. With
the most recent process still fresh in my mind, I have decided to use
the experience to provide transparency into the major leagues of VC
fundraising. Pulling back the curtain on the fundraising process will
help entrepreneurs create more investment-worthy companies that can
become large enterprises. That's good for founders. It's also good for
the nation's economy, contributing to rapid job creation and continued
innovation.
To read the full, original article click on this link: How To Raise $28 Million For Your Company Without Selling Your Soul
Author: Michael Lazerow