From left to right: Gillian Muessig, managing director at Sybilla Masters Fund; Martina Welkhoff, founding partner, Women in XR; Andy Liu, partner at Unlock Venture Partners; Geoff Harris,
partner at Flying Fish VC; Chris Devore, partner at Founders Co-Op; and Dave Parker, venture partner at Seven Peaks Ventures. (GeekWire Photo / Taylor Soper)
An investor meeting can sometimes make or break a young startup. That’s why entrepreneurs should do everything they can to prepare for those valuable moments and avoid making crucial mistakes that could cost them a chance at a big check.
Speaking on a panel at Seattle Startup Week, five early-stage local investors shared tips for entrepreneurs looking to raise cash for their fledgling companies. The advice can serve as a checklist for founders before they pitch an investor. Here’s a recap of their tips:
‘BEING UNPREPARED IS A HUGE MISTAKE’
Gillian Muessig is a longtime tech entrepreneur and investor and founder of the Sybilla Masters Fund, a new venture fund to back women-led startups. She said she’ll cut a meeting short if she can sense that an entrepreneur isn’t prepared. At the least, Muessig expects some kind of pitch deck that shows sufficient research. “Don’t come without anything, without having done your own homework,” she said.