article thumbnail

How to Make Better Reference Calls

Both Sides of the Table

Reference calls. Ask for at least 5 references. As your candidate for at least 5 references. Ask for at least 5 references. As your candidate for at least 5 references. Don’t worry about the fact that these are the references that the candidate has hand-picked – that’s part of the process.

Startup 302
article thumbnail

Why it’s Critical That you Reference Check Your VC

Both Sides of the Table

I personally had three separate data points from entrepreneurs who took money from the firm that said “never again.&# I really try to stay out of the middle of these things so I softly said to the team, “maybe you should contact these companies and see how their experience went? But what about once you have a term sheet?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Do You Reference Check a VC?

Both Sides of the Table

How do you then reference check your VC to be sure that you’ve chosen a good firm and partner? First, I would say that most entrepreneurs do almost no reference checks or at least do them very informally. For some reason most entrepreneurs do. Happy reference checking. Don’t let that be you. Except GRP.

article thumbnail

Entrepreneurs Don’t “Noodle” They Do

Both Sides of the Table

But there are a lot of things that become norms in the VC industry that always drove me crazy from entrepreneur’s side of the table. Translation for any first time entrepreneurs can mean one of: a. As an entrepreneur you’re used to being optimistic and finding a way to make things work despite the odds. I get that.

article thumbnail

Outbound VC Dialing Programs – Total Disrespect for Entrepreneurs

Both Sides of the Table

“Hi [entrepreneur], I hope all is well. I know the firm well and I know the entrepreneur & his business well. But if that’s all that they’re after then entrepreneurs should definitely be wary of taking these calls. So I have to imagine many other entrepreneurs felt the same. They’re flattered.

article thumbnail

Why Entrepreneurs & VCs Should Focus on Basecamp, Not the Summit

Both Sides of the Table

Equally, I encouraged entrepreneurs to spend time getting to know their future VCs early because getting a feel for your chemistry is far more important than how the VC is ranked in some survey. Equally, I encouraged entrepreneurs to thoroughly reference check their VCs – you’ll learn much more from this than anything else.

article thumbnail

Entrepreneurs Need The Confidence, Courage And Conviction To Be Unreasonable

InfoChachkie

Entrepreneurs must be unreasonable in order to dismiss the status quo and create novel solutions. However, an irrational lack of reasonableness will sabotage an entrepreneur’s efforts. I gave this talk was given to perspective and current UC Santa Barbara students, hence my references to UCSB’s Technology Management Program (TMP).