Fundraising. It’s the one word that gets brought up the most during my conversations with technology entrepreneurs. It’s hard, it’s time consuming and it could potentially hold the key to a company’s success or its demise.
Investors are busy people, typically difficult to get hold of (unless it’s through a warm introduction), and often hard to impress.
With this in mind, we reached out to some of the UK’s most well-known venture capital funds to find out what tech entrepreneurs should avoid doing during a pitch.
Don’t go overboard
First up, Simon Menashy, a Partner at MMC Ventures, told UKTN: “Entrepreneurs shouldn’t bring a 50-page opus to a pitch. Come with 10-12 high-impact slides that tell the story and provide key information, and have a conversation with us. We’re likely to take you off on a tangent with questions anyway. It’s a good idea to have some back-up slides in an appendix to address common questions, though....