What VCs want to hear: How to raise (or not) in a Bear Market, Jonatan L-B (Inflection XYZ)

Talk given by Jonatan Luther-Bergquist (Inflection XYZ)
Abstract: Venture capital is a pretty opaque business, with massive information asymmetries between founders and VCs. In this talk, I’ll give you a short primer on how funds work, what VCs do and what to think about when pitching to one. Venture capital funds invest in startups and advise founders on strategy, network, and sometimes exercise control board membership. They are structured as partnerships with general and limited partners, and have a management fee and carried interest. A fund’s portfolio defines its success, with power laws dominating returns. Startups should consider whether to raise venture capital based on their goals and needs. If yes, it’s helpful to understand what the processes usually looks like and what VCs look for.