My guest this week is David Foreman, Managing Director at Praetura Ventures. And he’s here to pull the curtain back on VCs.
We’ll be digging into how founders need to find a VC that fits them, how VCs can provide more than just money and how David coaches founders from managing a team of 10 to leading as CEO of 100.
He’s also here to share some hard-hitting facts:
How a lack of honesty on both sides causes the VC/Founder relationship to break down
Why investors shouldn’t give founders detailed feedback
Why founders need to stop saying they’re going to be a Unicorn
If you’re looking for honest, raw and unfiltered advice straight from a VC you’re in the right place.
Highlights:
1:20 The importance of founders finding VC’s that fits them
1:57 How Ask VC’s how
5:52 3 reasons why VC and Founders relation can breakdown
10:30 How VCs can add value
14:00 How to coach founders to go from a team of 10 to 100
18:36 The power of Mentorship
23:18 Bring investment to the North
27:20 Startup myths
33:05 Toxic Startup Behaviors
Quotes:
2:11 “Ask to speak to founders they’ve already backed, and not just the 3 or 4 founders that are doing the best, who are clearly flavour of the month”
23:00 “ Get a mentor who’s not financially motivated by the outcome”
25:30 “The best founders are definitely talent magnets. Who gets really insanely talented people to work with them on building their vision of the business and also very self-aware”
27:43 “There is no monopoly on talent in the UK”
33:24 “As a founder, you don’t have to tell the VC that you’re going to be a unicorn.”
Links: https://www.praeturaventures.com/team/
If you have a question that you would like answered, then email them over to my podcast producer Rosie at Rosie@stakester.com #startup #businesstips #founder
