One of the things I wish I had done in both of my companies (Excite.com and JotSpot) was to take a piece of advice that I now give most entrepreneurs I meet. That advice is: ?Right after you sign your term sheet for your Series A, write the fantasy deck for your Series B (complete with whatever metrics, graphs and customer lists you would love to have).? I say this because of the way I?ve both done fundraising and seen it done. Whether we like to admit it or not, the way it?s usually done tends to be very haphazard and bottom?s up. It starts with?
Wednesday, May 16, 2012
Create Your Series B Deck Immediately After Closing Your Series A
One of the things I wish I had done in both of my companies (Excite.com and JotSpot) was to take a piece of advice that I now give most entrepreneurs I meet. That advice is: ?Right after you sign your term sheet for your Series A, write the fantasy deck for your Series B (complete with whatever metrics, graphs and customer lists you would love to have).? I say this because of the way I?ve both done fundraising and seen it done. Whether we like to admit it or not, the way it?s usually done tends to be very haphazard and bottom?s up. It starts with?
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