While most people ask themselves “What should I do?” when seeking VC financing, there are also some things that a person should not do. Doing any of the following at best makes you look like a rookie (which is okay, we all were rookies once) and at worst kills any chance that you have of getting funded by the VC you just contacted. We encourage you to avoid doing the following when you are raising money from VCs.
- Don’t Ask for a Nondisclosure Agreement
- Don’t E-Mail Carpet Bomb VCs
- No Often Means No
- Don’t Ask for a Referral If You Get a No
- Don’t Be a Solo Founder
- Don’t Overemphasize Patents