FarFounders, what's the story behind your first VC check? Any significant lessons along the way?
Was an angel fund where the LPs were a lot more involved than typical LPs, actually interacted with the companies they invested in.
Close as soon as reasonably (necessary paperwork, etc) possible ( by close, aka get money in the bank) . Don’t let the whole process be delayed for any other reason.
The actual main check came from two years of relationship building before ever started to pitch anything.
got a chunk of money and never heard from again (ceo, not vc tbf) don’t fully understand the value of a quality vc as a result
There's no doubt that building a relationship before building a product is crucial. At that early stage, they're more interested in the founders than the product. The connections they provided helped close the round, so that was great.