Behind the scenes #4 | Be ready to take on great ideas
היHow’s it going? Are you getting ready to meet a VC? That’s great, because we have prepared a small tip for you, taken straight from our own “backstage bible”. We hope our advice has helped you develop the best possible relationship with an investor and your work together will be most efficient and effective. In “Behind the scenes” we tell you how we think and how we work, to help you understand our decision making process. It is likely that many other funds share our philosophy 🙂Enjoy reading!TDJ Pitango Ventures team
Be ready to take on great ideas!When we at TDJ Pitango think about investing in new projects we check whether the team we are talking with is open to feedback – simply because we see the essential importance of effective communication. We firmly believe this can add a real boost to the further development of your project, while certainly giving you a fresh perspective on times you have to make strategic decisions.We might not be experts in all markets and branches of business, but we do know about building companies and scaling, as well as how best to create an effective organisation and how to think about future rounds. We have seen thousands of business models and can explain what we think works and what doesn’t. Founders who are not open minded and resistant to feedback are too risky for us – “mentoring, consultation, partnerships” – these are the words which represent the values we bring to the table. We want you to know this is not about us projecting our vision and thought-processes on anyone else – we simply expect readiness to engage in brain storms and healthy, constructive discussions.
Communication is a two-way street. We expect our founders to be receptive to feedback, but we also do our best to listen, draw conclusions and adapt accordingly. The ability to have focused discussions based on facts, experience and knowledge – not just emotions – is of paramount importance in the Startup-VC relationship. Or any other relationship, for that matter. Wojciech Fedorowicz
It’s important to have regularly scheduled, ongoing communications with the company managers in a portfolio. A weekly or biweekly visit or call can go a long way towards planning actions, as well as helping identify areas to be addressed and of course help monitor progress.Daniel Star
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