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Early stage investments in creative and well executed ventures.

Series B observations…

Walking into a vc meeting right now looking to help raise about $8-$10 million from a Seattle area VC. I won’t say who I’m meeting with for the purpose of this blog. However, I suspect that many are interested in the types of questions, interests and concerns that a typical tier 1 Seattle VC has for a company that is well past Series A, has revenue and about 20 employees. This is the “expansion” story whereby we have proven that customers are interested in what we built and we have revenue and traffic to prove that. Now the question is, can we take this little bit of proof and grow it into a large business! I’ll post as soon as this meeting is done!

March 3, 2008 | Filed Under Venture capital 

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One Response to “Series B observations…”

  1. Paul Brown on March 3rd, 2008

    I’d love to hear your spin on this category of story, since without finesse, you can very easily get into a Catch-22 if you’re asking money to do what amounts to more of the same.

    Entrepreneur: “We’re going great guns; this validates our thesis.”
    Investor: “Why do you need my money now? Why aren’t your existing investors falling over themselves to reinvest? I still don’t believe in your thesis, so keep going and lower my risk a little more.”

    I think that without a twist, the “more of the same” pitch creates more problems than it solves.

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