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

20VC: Postmates Founder Basti Lehmann on How the Uber Deal Went Down and How a $2.65BN Deal Turned into $5BN, Why Great VCs Add No Value and VC Value Add is BS Marketing & Why The Biggest Companies in History Will be Born Today and Replace Incumbents

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

NOTE

Focus on Investors Who Believe in Your Business

It is essential to focus on investors who already believe in your business concept rather than spending time trying to convince skeptical ones. Trying to convince hesitant investors can be a red flag as it may lead to complications in the future, potentially resulting in them investing in a competitor. It is crucial to discern whether a VC is genuinely interested in understanding your business or if they are simultaneously considering another opportunity. If a VC requires excessive persuasion, it could signal future challenges, especially regarding board meetings and performance expectations.

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