Today we had superstar VC, Rory Stirling (of Connect VC) and superstar founder, Nicholas Oliver from people.io. We go beyond the fundraising cliches and unearth the real capital raising truths. Enormous fun & LOTS & LOTS of learnings. 0 - 3.36 Mindless chittering 3.36 - 15m Intros - who is Rory, what is Connect VC, who is Nic, what is People.io 15m - 30m Expected Return & why VCs don’t invest in the things they should 30m - 40m —> avoiding the sanctimony of hindsight bias 40m-43.30 —> employees & the importance of founder humility 43.30-52.30m -> founder-investor communication & board meets: the truth 52.30 - 1.03m —> David rambles incoherently about Lorenz Differential Equations 1.03-1.13m —> Rory & Nic talk about founder burnout, decision fatigue and support (At 1.11m Rory mentions the Pledge To Founders, it is here: https://www.atlasq.com/journal/pledgetofounders) 1.13m - change of gear - more active pieces of advice: 1.14m — fundraising is your job, get on with it 1.19m - Founder make your decision on an investor very early 1.21m - No VC signs an NDA 1.25m - know the VC, but - do VCs know the difficulty of knowing VC? 1.32m GET THE MONEY IN THE BANK 1.33m - should we expect a better VC process? Or is that naive? 1.46m - show compassion for VCs too! 1.49m - how to connect VCs including Lindy, availability heuristic and momentum 1.59m wrap and final thoughts Rory -> https://twitter.com/rorystirling Connect—> http://connectventures.co/#team Nic —> http://www.nicholasoliver.co.uk/ people.io https://people.io/ What is expected return: https://www.investopedia.com/terms/e/expectedreturn.asp Hindsight bias: https://examples.yourdictionary.com/examples-of-hindsight-bias.html Pledge to founders: https://www.atlasq.com/journal/pledgetofounders Lorenz Differential Equations: https://en.wikipedia.org/wiki/Lorenz_system 1.21m: https://www.entrepreneur.com/article/245023 1.42m -Marcus Aurelius: https://www.brainyquote.com/authors/marcus_aurelius 1.49m Lindy Effect https://en.wikipedia.org/wiki/Lindy_effect Momentum begets Momentum: https://i.pinimg.com/474x/77/be/c2/77bec269ead3b07bbf9015684507a518.jpg Availability Heuristic: https://en.wikipedia.org/wiki/Availability_heuristic

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VC special: No Bullsh*t Guide to Fundraising.

The not-a-pilot pilot episode