Video by tasker.vc

Three things VCs are gatekeeping from you from an ex-PE guy. 1. You're raising too early. Unless you're in deep tech and need big money to get to revenue, don't raise before you have paying customers. 2. They're likely leaking your info to your competitor. I've seen VCs leak data from 9 companies in a given vertical to the one that they actually

fund. Three, anti-dilution just means you get diluted more. Picture this. You just raised a down round, cashed up, and you think the worst part is behind you. But you and your employees just foot the bill to keep your VCs whole. If you manage to avoid a death spiral, you'll definitely feel the pinch on the exit.

If you haven't, please read The Business of Venture Capital before you go out and start raising from VCs. That book will tell you everything you need to know about the terms and the clauses that they use to maintain their economics, dilute your ownership, and control your business.