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“But I don’t know any VCs!”

Internet · 7m ago

Medial

What if you have a startup for which you’d like to raise venture funding, but you don’t know any VCs? This blog addresses the common challenge entrepreneurs face when seeking venture capital without existing connections. It emphasizes that venture capitalists (VCs) primarily rely on referrals from trusted sources, making unsolicited submissions ineffective. To increase the chances of getting noticed, entrepreneurs should focus on building a solid business plan and presentation. The author suggests that entrepreneurs should network strategically to position themselves among the few startups VCs consider each year. Ultimately, having a well-prepared pitch and a strong understanding of their business will help them stand out when opportunities arise.