“There's this weird thing that I've seen is that my best companies always have the best investor updates and my worst companies always have the worst updates. I don't know what it is, but it always seems to work out to be true.”
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More from Zach Coelius
AssertionNot checkable as stated
Zach Coelius: Hedge fund reneged on a $50M term sheet before closing
“We went out to all the VC firms, hedge funds, the usual late stage check writers, and a hedge fund came in. They're gonna put in fifty million dollars at a four hundred million dollar post... It's supposed to close on a Friday. On Thursday, the hedge fund's li…”
Zach CoeliusSep 8, 2022▶ 13:09The Secrets to Working with VC Associates, Scouts, Syndicates....& the True Gate Keepers to Venture
PredictionNot checkable as stated
Zach Coelius: Venture fundraising difficulty is returning to 2008 levels
“And 12 months ago, you could have gotten a term sheet a week after you got, you walked in that door. Now it's going to be a much longer, much harder, much more arduous fundraising process, more similar to what we saw two or three years ago. Certainly what we s…”
Zach CoeliusSep 8, 2022▶ 14:47The Secrets to Working with VC Associates, Scouts, Syndicates....& the True Gate Keepers to Venture
Insight
Zach Coelius: Untrustworthy syndicate leads make founder pitches dead on arrival
“Because if you work with one of those folks, and they have a bad reputation in the industry, they can absolutely sink, sink your fundraise on the spot. Because there are people in the business who are not trustworthy, who run around with shitty deals, who gene…”
Zach CoeliusSep 8, 2022▶ 25:10The Secrets to Working with VC Associates, Scouts, Syndicates....& the True Gate Keepers to Venture
Insight
Zach Coelius: Founders should choose unaffiliated angel money over venture scouts
“Because if I had to choose between taking scout money Versus taking unaffiliated money. I would always take the unaffiliated money rather than taking the unnecessary signaling risk when you work with one of these firms, but without having them deeply involved.”
Zach CoeliusSep 8, 2022▶ 18:36The Secrets to Working with VC Associates, Scouts, Syndicates....& the True Gate Keepers to Venture
Insight
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“One thing that I always like to tell the, my companies that I work with is that the associate can't necessarily get the deal done themselves. They're your advocate, but they can absolutely kill it. So if you don't make friends with your associate or whatever a…”
Zach CoeliusSep 8, 2022▶ 5:40The Secrets to Working with VC Associates, Scouts, Syndicates....& the True Gate Keepers to Venture
Insight
Zach Coelius: Founders should avoid venture partners lacking deep domain expertise
“Whenever I think about a venture partner, it's all about the expertise. If they have a deep expertise, super powerful, awesome. But if they don't, I wouldn't waste your time. They just, they're, it's going to be very challenging for them to get a deal through …”
Zach CoeliusSep 8, 2022▶ 22:15The Secrets to Working with VC Associates, Scouts, Syndicates....& the True Gate Keepers to Venture
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