1.Fundraising is Social

Teli goes on to say “In a social game, the larger a network you have the better you do in the game”. Fundraising too works out in the same manner- the bigger the network; the more are the chances of raising the venture capital for the firm. Teli continues “There’s a good reason for this. VCs see lots and lots of deals. Last year, we were a completely new VC fund. No-one knew we existed and we still saw about 800 deals”. The fact is that Teli’s references could be more reliable than a blind Email which shows the inefficiency or the lack of effort on the side of the entrepreneur.

2.Viral loops are highly effective

There is tremendous competition in the market and to stand out from the crowd an entrepreneur needs to create some sort of a buzz or a promotion that will capture the attention of the customers as well as the Venture Capitalists. A VC spots a mention in a tech blog or somebody gives the company a referral provides some sort of recognition or an attention gathering medium to the company. This is indeed a viral loop. This in a way works for startups where entrepreneurs use their own networks to create Buzz in the market.

3. Check your heads-up display 

While launching a product an entrepreneur should have all of his facts and figures crystal clear to avoid any sort of distortions during the latter stages of the product launch. It could include the number of active users, the company’s growth on a daily basis and steps to be taken to convert people to active users. If an entrepreneur does not have an ample data or idea of the business they should be talking to a specific type of VC, probably a seed VC, or someone who is more into prelaunch rather than already existing companies with traction.