Investors are terrified of missing the next Airbnb. Your need to come off as a founder who's...
• Super smart
• Building something massive
• Already got a ton of other VCs interested
Here's how you start the call & give that impression ⬇️
1/ Start with small talk & take over.
Common stuff like "how's weather ☀️" or "love your puppy 🐶" first
About 2-3 min, there's an awk pause. This is when small talk is over — you HAVE to take control.
"Glad we could make this work, my schedule's been crazy. Let's dive in."
2/ Make them talk first
Forcing them to talk first puts you in a position of strength. It gives you ammo to qualify their fund & see if they're actually good.
"Start me off — tell me about your fund. Did light research, but it'd be great to hear the details."
3/ Wrestle back control if you need to
Sometimes they'll try to switch this and say "tell me about your startup first".
"Happy to — but first, can you share more about your fund? It'll give more direction as I share what we're building."
4/ Get into the financial info
This helps later in the round. Asking early shows a level of understanding around fundraising that most founders don't have.
Seems simple, but you'll come off as smarter than you are 🧠
Here are the boilerplate questions I ask each VC
5/ Qualify, qualify, qualify!
Don't just take the first answer to a question – find out ways to re-ask the same question until you get an answer that really impresses you.
My fav question: "how do you move the needle for portfolio companies?"
And here's how I qualify VCs:
6/ Make them sell to you
With enough qualification, the meeting will shift & they'll get to the point where they're selling their fund to you!
When this happens, it'll be obvious.
Now's the time to pitch your startup:
"Sounds good — so how much do you know about Heartbeat?"
If you can do this all in the first 10-15 min of the call... you're GOLDEN.
You've done everything right to set the tone of the meeting & position yourself as an in-demand founder that knows their shit.
(For more — I'd highly recc sales books like @Kazanjy's Founding Sales)
That's it for today!
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I tweet about fundraising, startups, and our journey building @HeartbeatChat
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TL;DR 1/ Start with small talk & take over 2/ Make them talk first 3/ Wrestle back control if you need to 4/ Get into the financials 5/ Qualify the hell outta them 6/ Make them sell to you
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Most common question investors ask during a pitch:
🚨 How are you going to use this money?🚨
Getting this wrong kills your whole pitch.
And 90% of startup founders answer it poorly.
Here’s how you nail it 🧵
First off — this is trick question!
What investors DON’T want to hear:
❌ “Here’s a breakdown of our expenses over the next year”
❌ “We’re going to pay ourselves a salary & work on this full-time”
❌ “It’s all going to a dev agency”
Instead, they're looking for 2 things ⬇️
What investors DO want to hear: 1/ How you're turning $1 of investment into $5 tomorrow 2/ The "fundable milestones" you're hitting
I pitched 100s of VCs during @HeartbeatChat's last round
There are unspoken, hidden rules in the VC world you're expected to figure out.
Learn them & fundraising becomes MUCH easier.
Use these 5 hidden rules to raise 10x faster 🧵
1/ VCs are looking for good stories
Investors have chances to offload shares 1-2 rounds later in private sales. They just need to be sure your story is good enough to attract follow-on investors.
You can craft a really strong story through trends: