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May 19, 2023

106. Be You

106. Be You

Investors have to believe in you. Don't fake it, don't hide it. Be you.

About SpringTime Ventures
SpringTime Ventures seeds high-growth startups in healthcare, fintech, logistics, and marketplace businesses. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently. Our initial check size is $600k. You can learn more about us and our approach.   

About Rich Maloy
Rich’s mission is to rebuild the American dream through entrepreneurship. He believes technology gives all people the opportunity to grow, learn and earn. He is a Managing Partner at SpringTime Ventures and the host of the VC Minute podcast. With prior careers in finance and sales, he's been focused on the startup ecosystem for over a dozen years. He's a father of two young children and loves sci-fi, skiing, and video games.  

Transcript
Rich:

There's a final element of the Dama story about having the sticky that says greed on her laptop that is so important.The point is,is that she didn't change who she is.She adapted her storytelling in order to match what investors wanted to hear.If you really want to raise venture capital along the way,you are going to get all sorts of feedback.In Techstars,they call it mentor whiplash.Sell,but don't be salesy.Have a killer instinct,but don't be a killer.Take charge,but don't be arrogant.Be coachable,but not too much that you're,wishy-washy.You don't know the industry well enough.You know,the industry too well.You're too down in the weeds to see the big vision.You've got too much big picture and can't execute on a day-to-day basis.You're too technical.You're not technical enough.You're too old.You're too young.You're too mid-career.You're too arrogant.You're too passive.You're too inquisitive.You're raising too much.You're not raising enough What is this crazy world we live in?You know what.Fuck that noise.At the end of the day.You have to be you.Be you!Should you adapt your pitch to the audience that you're talking to?Yes.If you're getting consistent feedback and you feel like you need to over rotate your story in one direction.That is fine.Investors have to believe in you.Don't fake it,don't hide it.Be you.Cause you're perfect.I love you.Have a great weekend.