Comments on: WTF is Traction? A 6-Step Relationship Guide to VC http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/ Entrepreneur turned VC Wed, 10 Mar 2010 22:23:06 -0600 http://wordpress.org/?v=2.8.3 hourly 1 By: How Do You Reference Check a VC? | CloudAve http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-4162 How Do You Reference Check a VC? | CloudAve Mon, 15 Feb 2010 11:20:07 +0000 http://bothsidesofthetable.com/?p=242#comment-4162 [...] So my first advice is not to rush in the fund raising process.  Get to know VCs over a long period of time so that when you’re ready to get engaged you feel you know their character.  As in real life – those that rush into marriage often find out what their partner is really like after the fact.  I wrote a post linked as follows about how to build relationships with VCs over time. [...] [...] So my first advice is not to rush in the fund raising process.  Get to know VCs over a long period of time so that when you’re ready to get engaged you feel you know their character.  As in real life – those that rush into marriage often find out what their partner is really like after the fact.  I wrote a post linked as follows about how to build relationships with VCs over time. [...]

]]> By: YouRenew is Going Places » Miles Lasater Blog http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-4113 YouRenew is Going Places » Miles Lasater Blog Sun, 14 Feb 2010 19:38:53 +0000 http://bothsidesofthetable.com/?p=242#comment-4113 [...] was impressed with Rich and Bob.  They built relationships with investors over time.  They worked hard, followed through and figured out how to get it done [...] [...] was impressed with Rich and Bob.  They built relationships with investors over time.  They worked hard, followed through and figured out how to get it done [...]

]]> By: How Do You Reference Check a VC? http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-4036 How Do You Reference Check a VC? Tue, 09 Feb 2010 05:20:55 +0000 http://bothsidesofthetable.com/?p=242#comment-4036 [...] So my first advice is not to rush in the fund raising process.  Get to know VCs over a long period of time so that when you’re ready to get engaged you feel you know their character.  As in real life – those that rush into marriage often find out what their partner is really like after the fact.  I wrote a post linked as follows about how to build relationships with VCs over time. [...] [...] So my first advice is not to rush in the fund raising process.  Get to know VCs over a long period of time so that when you’re ready to get engaged you feel you know their character.  As in real life – those that rush into marriage often find out what their partner is really like after the fact.  I wrote a post linked as follows about how to build relationships with VCs over time. [...]

]]> By: 10 skills I look for before writing a check, Part 2: Perspiration and Appetite for Risk — techshots http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-3985 10 skills I look for before writing a check, Part 2: Perspiration and Appetite for Risk — techshots Sat, 06 Feb 2010 22:11:35 +0000 http://bothsidesofthetable.com/?p=242#comment-3985 [...] things that a VC can pick up on in 3 meetings spread out over 6 weeks, which is why I believe that raising VC is something you do over a long period of time, rather than just 2 months of the year. It’s best [...] [...] things that a VC can pick up on in 3 meetings spread out over 6 weeks, which is why I believe that raising VC is something you do over a long period of time, rather than just 2 months of the year. It’s best [...]

]]> By: Scotty, We Need More Traction! Capt’n, What’s That Mean? | VC Deal Lawyer http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-3750 Scotty, We Need More Traction! Capt’n, What’s That Mean? | VC Deal Lawyer Mon, 01 Feb 2010 05:45:48 +0000 http://bothsidesofthetable.com/?p=242#comment-3750 [...] view of traction, Guy Kawasaki’s view of traction, and Mark Suster’s view of traction.  Traction can mean revenue (how much depends on who you speak to), profits (infrequently), [...] [...] view of traction, Guy Kawasaki’s view of traction, and Mark Suster’s view of traction.  Traction can mean revenue (how much depends on who you speak to), profits (infrequently), [...]

]]> By: 10 skills I look for before writing a check, Part 2: Perspiration and Appetite for Risk - Venture Hacks http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-2957 10 skills I look for before writing a check, Part 2: Perspiration and Appetite for Risk - Venture Hacks Tue, 05 Jan 2010 16:04:10 +0000 http://bothsidesofthetable.com/?p=242#comment-2957 [...] things that a VC can pick up on in 3 meetings spread out over 6 weeks, which is why I believe that raising VC is something you do over a long period of time, rather than just 2 months of the year. It’s [...] [...] things that a VC can pick up on in 3 meetings spread out over 6 weeks, which is why I believe that raising VC is something you do over a long period of time, rather than just 2 months of the year. It’s [...]

]]> By: romytaormina http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-2491 romytaormina Tue, 15 Dec 2009 18:27:57 +0000 http://bothsidesofthetable.com/?p=242#comment-2491 Great suggestions. Thank you for your insight! Great suggestions. Thank you for your insight!

]]> By: What Makes an Entrepreneur? (1/11) – Tenacity | CloudAve http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-2472 What Makes an Entrepreneur? (1/11) – Tenacity | CloudAve Tue, 15 Dec 2009 14:11:53 +0000 http://bothsidesofthetable.com/?p=242#comment-2472 [...] articles for you if you haven’t read them related to tenacity: - How to follow up with a VC - How to build relationships with a VC (Cross-posted @ Both Sides of the Table)Posted Under : Entrepreneurship Tags Startups VC Funding [...] [...] articles for you if you haven’t read them related to tenacity: – How to follow up with a VC – How to build relationships with a VC (Cross-posted @ Both Sides of the Table)Posted Under : Entrepreneurship Tags Startups VC Funding [...]

]]> By: msuster http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-2302 msuster Thu, 10 Dec 2009 16:04:50 +0000 http://bothsidesofthetable.com/?p=242#comment-2302 PK, just make sure you get your facts straight. The Skype founders had founded a tremendously successful product called Kazaa before founding Skype so when they raised money they had a huge reputation. And because I know people who worked on the original financing I can tell you it wasn't a paper napkin and money on day 1.<br><br>If you think that somebody should fund a paper napkin with somebody they are meeting for the first time and where the entrepreneur has no track record you mistaken. Or if they do, I feel sorry for the people who invested in that person's fund. Would you invest your personal money this way? No research? Please. PK, just make sure you get your facts straight. The Skype founders had founded a tremendously successful product called Kazaa before founding Skype so when they raised money they had a huge reputation. And because I know people who worked on the original financing I can tell you it wasn't a paper napkin and money on day 1.

If you think that somebody should fund a paper napkin with somebody they are meeting for the first time and where the entrepreneur has no track record you mistaken. Or if they do, I feel sorry for the people who invested in that person's fund. Would you invest your personal money this way? No research? Please.

]]> By: msuster http://www.bothsidesofthetable.com/2009/08/08/wtf-is-traction-a-6-step-relationship-guide-to-vc/comment-page-1/#comment-2301 msuster Thu, 10 Dec 2009 16:01:03 +0000 http://bothsidesofthetable.com/?p=242#comment-2301 Sure, there is a good analogy to building a product. Get out early and test it with the market. Same with VC. Sure, there is a good analogy to building a product. Get out early and test it with the market. Same with VC.

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