Nowadays, you don’t need to come from a Sequoia or Kleiner Perkins to start a VC fund: there are so many different people starting their own initiatives. And importantly, they might not even be doing it full time.
One of the biggest lessons I’ve learned about fundraising is one I learned quickly during this last round: investors want to see more than good numbers. Compared to a seed round, investors are looking for more documents, proof of traction, and a compelling pitch deck in a Series A.
Our investment strategy goes beyond tackling issues of demographics and diversity in the startup world. In our careers, we’ve learned that startups tend to make a lot of mistakes at the very earliest stages, but those mistakes don’t always manifest until a couple years later.
We did a little investigating into the decks that came into the DocSend Fundraising Network during Q3. Let’s find out a little bit more about what kinds of teams have been raising money, where they’re from, and what kinds of spaces they’re innovating in.