I build tools that help 40k+ founders raise funds. ⚡️ Find your next investor @ OpenVC.app/search

📕 My fundraising ebook 👉
KILLER slides for your mobile app:
57
Slide analytics are actually pretty useless. "Johnny VC spent 8 seconds on our Market slide, but 12 seconds on our Team slide". Cool. So what?
1
1
2
362
Founder: "Why VCs don't reply to me??? They suck!!!" (sent 800 emails in 3 days from a new domain) 🙄
1
3
463
Should you really customize your cold email for each investor? The "custom hook" feels fake + weak in 99% of cases...
2
6
422
Steph from OpenVC retweeted
Seen in a pitch deck just now: "I come from a family of tech. My father built and sold 2 companies (one to XXX) and is currently the CTO of YYY". Not sure what to think of it...
56
3
91
40,065
Your smart watch can tell you when ChatGPT is done thinking.
1
4
399
I want to create a launch video with AI. What’s the best way to do that?
16
17
2,727
I don't understand ppl who say "Elon Musk is a bad entrepreneur" or "He doesn't perform well". What do you even mean??
Replying to @StephNass
Lol given what ? you don't know how he performs. Plus, he made it clear to everyone how little he understands about cs (for instance), so thoughts and nuanced opinions are definitely needed.
2
5
864
No AI? No funding. (found in openvc.app/to/recv1OLK6mU8kU…)
2
7
525
Steph from OpenVC retweeted
I rewatch this every 6 months. How to negotiate with VCs:
7
6
47
2,554
Yesterday's post passed 500k views. Think less, post more!
2
4
720
It’s this post btw:
I love reading Elon's emails! 😂 Is there a compilation somewhere? Can someone build elonmails․com?
1
129
Steph from OpenVC retweeted
Investor feedback is rarely valuable because it's rarely true (long version): When they pass, most investors give a generic, well-rounded reason. "It's not you, it's me" kind of thing. It's nice, low effort, and everyone moves on. But why is it that way? 1. GIVING HONEST FEEDBACK IS A TIME SUCK WITH ZERO UPSIDE From the moment an investor decides you're a "pass", you have near 0 value to them. It's not a mean thing to say, it's just a fact. Therefore, they have little incentive to spend time giving feedback. And boy does it take time! Writing a deep, detailed feedback email is not done in 1 minute. You need to structure your thoughts, pick your words carefully, back up your opinion with facts, numbers, examples, links. A lot of work for someone you will likely never see again. Now, be honest: would you do that 68 times a week? Probably not. 2. INVESTORS CANNOT ADMIT THEY DIDN'T LIKE YOU Early-stage investment is not a rational process. Sure, investors look at market size, competition, etc. But there's definitely a subjective element to it. Do they "get" the founder? Do they "vibe" well? Very much like dating, investing starts in the heart, then moves to the brain. Obviously, no investor will ever tell you "I'm passing because I didn't like your vibe". Hence the generic reply: 3. INVESTORS DON'T WANT TO HANDLE FOUNDERS' NEGATIVITY In my own case, I sometimes give in-depth, detailed feedback and the founder starts arguing back and forth on each point as if trying to prove me wrong. Waste of time, waste of energy. Just take the feedback and do your best with it. By the way, I'm not the only one in that case: Of course, this is just 1% of founders. But that's enough to suck. You can see why investors stop giving honest feedback after a few such experiences. 4. INVESTORS DON'T WANT TO BURN BRIDGES Investors are often wrong at early-stage, and they know it. Maybe another investor will see something they missed and lead your round. Maybe your growth will skyrocket in the next 24 hours. Who knows? For that reason, investors don't want to burn bridges. They want to stay in your good grace just in case you become the next Google. A soft, neutral feedback is the best way to do that. 5. SO WHAT SHOULD YOU DO WHEN AN INVESTOR PASSES? First, don't flog a dead horse. When an investor passes, even in soft-spoken terms, get the message - no means no. If they provide you with feedback, don't restart the conversation with counter arguments. Take it with grace, say thanks, and move on. Second, take feedback with a big pinch of salt. Don't expect all feedback to be valuable or even meaningful. As a founder, learn to read between the lines and apply judgment. Good luck everyone 🙏😇
12
5
36
6,362
Steph from OpenVC retweeted
I love reading Elon's emails! 😂 Is there a compilation somewhere? Can someone build elonmails․com?
150
444
13,328
967,367
Only 3 reasons why you're not getting VC meetings: 1. YOU'RE REACHING OUT TO THE WRONG INVESTORS E.g. biotech startup reaching out to AI investors. 2. YOUR OUTREACH IS POORLY DONE E.g. long email, ugly deck, poor deliverability. 3. YOU DON'T HAVE ENOUGH POSITIVE SIGNAL E.g. not enough traction or track record. So, which one is it?
6
1
13
1,734