How VCs decide to take a first meeting with startup founder?

How VCs decide to take a first meeting with the founder?

Extremely Valuable lessons for founders & investors, on how next unicorns are identified before anyone else.

NFX explained how VCs decide for the 1st meeting in the attached doc, with following points:

1. Team – How do we know your team is excellent?
2. Company – Describe what your company does in one sentence
3. Market – What is the market opportunity and why will it be big?
4. Business model – How do you make money? Who pays? What are the margins?
5. Geography – Where is the team based?
6. Number of Employees – How big is your team?
7. Timing – Why is now the right timing for your company?
8. Traction – What are the traction metrics that show what you have achieved so far?
9. Fundraising – How much do you want to raise?
10. Fundraising History – Who have you raised from, how much, and when?
11. Fit – What about this particular investor (or firm) makes you interested in meeting with
them?

Access full doc - click here