During the 2016 Results Junkies Tech Tour stop in Wilmington, venture investors Paul Singh and Anthony Pompliano offered local founders a crash course in fundraising. During their chat at Ironclad Brewery
, they focused on defining venture investment vs. other funding sources, while giving advice on the most investor-friendly ways to pitch a business.
These two know what they’re talking about.
Singh, a former partner at 500 Startups, founder of Disruption Corporation, and now publisher of Results Junkies, has been in the game for a while. Pompliano, former Sergeant in the U.S. Army who recently announced his new Raleigh-based fund, Full Tilt Capital
, worked as a project manager at Facebook as part of its growth and engagement team, then led Snapchat’s growth team for a short time.
Together, Pompliano and Singh stressed to founders just how important it is to think big, to connect with investors as early as possible, and to “lead with the traction.”
Top 10 Takeaways:
1. Understand who is a venture capitalist.
2. Always talk money before you talk ideas.
3. In Silicon Valley, you’re rewarded for taking big swings, even if you miss.
4. VCs want to invest in companies that get bought, not sold.
5. You won’t believe how fast a company can take off.
6. Most founders can’t envision how big their company can get.
7. Sell your business, not your widget.
8. Three red flags that scare off investors.
9. Get on Angel List.
10. It’s never to early to start a conversation with investors.