My guest this week is David Foreman, Managing Director at Praetura Ventures. And he’s here to pull the curtain back on VCs.We’ll be digging into how founders need to find a VC that fits them, how VCs can provide more than just money and how David coaches founders from managing a team of 10 to leading as CEO of 100.He’s also here to share some hard-hitting facts:How a lack of honesty on both sides causes the VC/Founder relationship to break downWhy investors shouldn’t give founders detailed feedbackWhy founders need to stop saying they’re going to be a UnicornIf you’re looking for honest, raw and unfiltered advice straight from a VC you’re in the right place.Highlights:1:20 The importance of founders finding VC’s that fits them1:57 How Ask VC’s how5:52 3 reasons why VC and Founders relation can breakdown10:30 How VCs can add value14:00 How to coach founders to go from a team of 10 to 10018:36 The power of Mentorship23:18 Bring investment to the North27:20 Startup myths33:05 Toxic Startup BehaviorsQuotes:2:11 “Ask to speak to founders they’ve already backed, and not just the 3 or 4 founders that are doing the best, who are clearly flavour of the month”23:00 “ Get a mentor who’s not financially motivated by the outcome”25:30 “The best founders are definitely talent magnets. Who gets really insanely talented people to work with them on building their vision of the business and also very self-aware”27:43 “There is no monopoly on talent in the UK”33:24 “As a founder, you don’t have to tell the VC that you’re going to be a unicorn.”Links: https://www.praeturaventures.com/team/If you have a question that you would like answered, then email them over to my podcast producer Rosie at Rosie@stakester.com #startup #businesstips #founder
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The Back Yourself Show presents a leading conversation within the startup community globally that is actively helping over 10,000 founders and entrepreneurs in the first phase of their journey as business operators.
Featured guests include investors and senior operators behind global businesses such as Google, Microsoft, Deliveroo, Coca Cola, Skype, Giphy, Babylon Health, BBC iPlayer, SeedLegals, Channel 4 Ventures and more.