Cardinal Sin #5: Moving too fast
One thing that drives me nuts is when founders try to get a meeting with me or to talk on the phone without even fully pitching their idea to me first. Listen, I am all for hearing your ideas but only if I can see the initial value in them or else my schedule would be swamped with useless meetings.
I am not some kind of floosie investor either; you gotta wine and dine me first before I considering hopping in the sack with you.
Besides, if you can’t grab my attention in the first email, there is no way you can do it in real life or on the phone. Oh and by the way, your crappy startup won’t somehow magically sound better in person or on the phone even if you happen to have a confidently smooth Morgan Freeman type voice.
What’s even worse is that sometimes I get emails from random business people who just want to “meet”. But for all I know, you could be a Chinese organ thief or serial rapist so for the sake of my genitalia and precious kidneys, I won’t take a meeting with you especially when I don’t know what the context is.
What you should do instead:
You really have to approach VC’s the same way you would approach a cute girl at a bar. Be confident but non-invasive. Be professional and make your intentions clear.
Image credit: CC by Gregor Fischer