This interview between Foundry Group venture capitalist Brad Feld and Vector.tv correspondent Reena Jadhav discusses what first-time entrepreneurs should and shouldn’t do to raise funds. He focuses on what those entrepreneurs can do to increase their success. He offers suggestions, such as surrounding yourself with successful entrepreneurial mentors, and talking to other first-time entrepreneurs to swap advice and ideas. He emphasizes the importance of networking throughout the entire interview.
Feld also dedicates a major portion of the interview to discussing what the entrepreneur should do with their newly raised funds. It is easy for a new entrepreneur to blow through all of their funds, so he offers suggestions on how to avoid this. This is a great interview for all first-time entrepreneurs, because it brings up issues that some first-timers could overlook, like how it is sometimes okay for an entrepreneur to disagree with their funder: discussion and feedback mean everything in raising funds. Brad Feld uses his experience as a venture capitalist to give advice that only someone who has had his amount of success could offer. His suggestions are practical and accessible, and a huge asset to any newly-minted entrepreneur.