Written By: Janine Kick
“Good luck with the raise and the business, and let me know how I can be helpful.” If you’ve ever raised capital or attempted to raise capital you’ve received a response like this at some point along the way. Initially, this type of response can feel like an easy, vague out. In reality, a ‘let me know how I can be helpful’ response can become a powerful invitation. Here are 5 ways you can take a VC up on their offer.
- Review your deck
VCs see a lot of pitch decks. If you need a well-informed opinion on whether your deck fits the pitch, VCs can share a valuable perspective, especially for their specific fund. This is a great way to know exactly what said investor is looking for in the next round.
- Grab a coffee
I know, I know COVID. But I’m manifesting a change with the new season people! A cold-brew might not seem like much but it’s a great vessel to build a strong relationship, look for guidance and gain feedback on your latest idea or initiative within the business.
- Introduce you to portfolio companies
A warm relationship with a VC can be tremendous for someone trying to get connected to a decision-maker for a sale. In my experience, VCs pride themselves on their contacts and in most cases are willing to connect you to a portfolio company.
- Connect you to top-tier service providers
It may seem like a small thing, but a timely connection to a patent attorney, a well-connected banker, a top executive recruiter, or any other professional for that matter can mean the difference between success and failure. VCs know who to call, and who to avoid.
- Connect you with other funds
Now, this last one is tricky and a little controversial so tread carefully. If you’ve established a relationship over weeks with said investor to receive a no and LMKHICBH response, ask for referrals to other funds that may better fit your company. An introduction like this is one of the warmest and most vetted connections you can get.
Don’t miss the opportunity that a LMKHICBH response provides.
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