Diary of a venture scout: one tip for first-time entrepreneurs
If you are a first-time entrepreneur and you are fundraising for the first time, you might be tempted to concentrate your efforts on the first investor who seems to be somewhat interested in your idea, and give up on looking for others investors.
In this case, you will NOT be forgiven. Here are a couple of reasons:
Is this inefficient? Yes. Is this time consuming? Yes. Is this the possible difference between winding up or getting to create a great company? Yes.
So, what are you waiting for? Get out there and restart your fundraising efforts.
I am an Oxford MBA and an engineer with a passion for innovation and startups. I currently work with dPixel, a venture capital advisory firm based in Italy, and advise a few great startups such as Wanderio. Everything you can find here is my opinion alone. You can follow me on Twitter. Find more about me on Linkedin.