What team do I need to have to get my business funded by a investor written by a techstars alumni

What team do I need to have to get my business funded by a investor written by a techstars alumni

VC's love to see a solid team and a solid background in the team. The team needs to have some kind of past preferably. Vc's want to see that your team will be able to survive the hard times in building a business. Having been through techstars and interviewed with YC i know the things these guys are looking for and its key you have prepared answers to them if they ask.

Get a partner you can trust and have done something with in the past

Preferably one you have had past dealings with. Any Investor wants to see you guys stick it out even when the business is not doing well at all. Its the second most important reason startups fail after the fact that they have run out of capital.

It would be best to have someone where you have different roles

Before you start having someone who has a different profile to you would probably be the best. For example if someone is more technical and the other person is not like a CTO and a COO the roles would be very clear to do and it would allow the investor to feel at ease about who they are investing in.

Going into business with someone you just met is very hard

Before you guys dont have any past relationship it will be very hard to go into business with someone you just met. When times get tough they may decide to do something else and leave. This is a massive red flag for any investor especially tier one investors so if you are going to choose a partner try to choose one you have already done something with.

Subscribe to the newsletter

Articles are for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of these articles (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through these articles. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date. The content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers.
Great! Check your inbox (or spam folder) and click the link to confirm your subscription.
Sorry, something went wrong. Please try again.