This week I was on a panel at the Snap conference about raising money. When I’m at these events I always try and give real data. I think sharing real examples also helps makes your advice more credible with the audience. Sometimes, after events, the audience will have other questions. After the Snap conference I got two more questions.
1. How do you deal with a VC that disagrees with the product strategy (Thinks your building the wrong thing) - can you give them their money back? This is a tough question. Ultimately, I think you are much better off if you are on the same page with your investors and I’d make every attempt to get on it. If not, you’ll probably find yourself with a lot of hart burn. On giving the money back. It may be possible. I’d discuss it if you think that’s the only way to move forward. Sometimes getting all options on the table can be good for you and them.
2. How do you fine an attorney to introduce you to VCs? Finding an attorney is easy. You can simply call SVB and ask them for a few that help startups. We use Orrick - not inexpensive, but excellent.
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