This Week in Startups What investors mean when they are "waiting for a lead" (VC Sunday School) + Seth Bannon of 50 Years | E1395
Feb 27, 2022
In this engaging discussion, Seth Bannon, Founding Partner of Fifty Years and expert in deep tech and climate solutions, shares insights about the shifting landscape of venture capital. He explores what it means for investors to wait for a 'lead' and why this dynamic can hinder founder progress. Seth elaborates on how his firm measures the impact of investments and the potential benefits of increased longevity for climate initiatives. He also highlights the intersection of innovation and sustainability, advocating for a more purposeful approach in the VC world.
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Finding a Lead Investor
- Look for a lead investor who will set the terms, conduct due diligence, and review legal documents.
- This ensures thorough vetting and responsible governance for your startup.
Why Investors Wait for a Lead
- Investors often wait for a lead investor as a sign of validation or because their firm doesn't typically lead.
- It could indicate lower conviction or simply be a function of their check size.
Turning Down Founders
- Practice turning down founders gracefully, as it's a necessary but challenging part of the job.
- Role-playing can prepare investors for handling difficult conversations.