3min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Eight Pieces of Startup Advice that are BS: Why You Do Not Have to Love Your Space, It Is Ok To Do It For The Money, Focus Is Not Everything, Speed Is Not The Most Important Thing with Akin Babayigit, Co-Founder @ Tripledot Studios

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

The Importance of Being a Friend in the Bad Times

A lot of venture capitalists, especially in the US, will say we did this company and then we introduced them to this. They ended up doing this deal and therefore, and so the implication here is that they've really played an outsized role into that company. The biggest value ad I think that a VC can have on a company is really just to be there for the bad times and just be a friend in the good times. You are not pretending to know about their details of their business dealings day in day out.

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