Danielle unleashed a Category-5 tweetstorm on fundraising today, but twitter isn’t threading replies well. Compiled this to make the thread easier to follow.
1) Fundraising this fall? I have some unconventional tips for you to make your experience awesome
— Danielle Morrill (@DanielleMorrill) August 23, 2015
3) Sequoia is surprisingly difficult to find (perhaps an intelligence test?) so plan for extra time to get a parking spot
— Danielle Morrill (@DanielleMorrill) August 23, 2015
@DanielleMorrill when visiting @sequoia take the car from the @RosewoodHotels across the street. They know where to drop you off.
— Alexander Muse (@amuse) August 23, 2015
5) avoid the Sharon Heights Starbucks
— Danielle Morrill (@DanielleMorrill) August 23, 2015
7) if you want a signed term sheet by the end of October start requesting meetings now
— Danielle Morrill (@DanielleMorrill) August 23, 2015
9) also Khosla has the most incredible garden outside the window with plants so big it’s like Alice in Wonderland
— Danielle Morrill (@DanielleMorrill) August 23, 2015
11) Accel is in downtown Palo Alto, so plan time before or after to get some macaroons on University Ave (in the downtime between meetings)
— Danielle Morrill (@DanielleMorrill) August 23, 2015
13) early morning breakfasts at obscure spots are the real getting-to-know-you signal
— Danielle Morrill (@DanielleMorrill) August 23, 2015
15) Ladies, skip the heels. A lot of investors like to do walking meetings, no need to suffer.
— Danielle Morrill (@DanielleMorrill) August 23, 2015
17) people talk about 10 “brand name” VCs but you should plan to pitch 30+ firms. There are very good less visible investors
— Danielle Morrill (@DanielleMorrill) August 23, 2015
19) ladies, it may look like the set of Mad Men but unless you normally wear dresses just stick with normal clothes and good hygiene
— Danielle Morrill (@DanielleMorrill) August 23, 2015
21) okay back to unconventional stuff… Don’t be rude to assistants or other staff EVER
— Danielle Morrill (@DanielleMorrill) August 23, 2015
23) regarding power moves, investors know what you are doing and yes it will work on some… But huge turn off to others. Know your audience
— Danielle Morrill (@DanielleMorrill) August 23, 2015
I've raised $11 million and still believe this is the best way to do business https://t.co/bi3UrrBS05
— Danielle Morrill (@DanielleMorrill) August 23, 2015
@DanielleMorrill unless you've raised millions before, don't be too clever by half and try to play a power move. Be humble. Be yourself.
— Alexander Muse (@amuse) August 23, 2015
25) you need a CRM or at least spreadsheet to keep track of your VC relationships. Kids names, hobbies, companies they’re proud of
— Danielle Morrill (@DanielleMorrill) August 23, 2015
27) the sandwiches in the Sharon Heights deli are killer
— Danielle Morrill (@DanielleMorrill) August 23, 2015
29) from my cofounder @MisterMorrill “do your research beforehand and look who does deals in your space, only talk to people you want”
— Danielle Morrill (@DanielleMorrill) August 23, 2015
31) if you raised $3M+ in seed money you are competing with Series A *and* Series B candidates
— Danielle Morrill (@DanielleMorrill) August 23, 2015
32) don’t overdo it on slide design, it’s like a house that’s been on the market too long and is over-staged
— Danielle Morrill (@DanielleMorrill) August 23, 2015
@rabois @DanielleMorrill Depends on the numbers.
— Marc Andreessen (@pmarca) August 23, 2015
Listen up… This is a consumer investor and I do not know much about that side https://t.co/yp3zs17A3H
— Danielle Morrill (@DanielleMorrill) August 23, 2015
Have your designer give you a nice on brand template but don’t go crazy with transitions or graphics https://t.co/VtH8p0csyR
— Danielle Morrill (@DanielleMorrill) August 23, 2015
34) at the end of the day, go home to your support network and share your thorns and roses (learned this from @chrisfhoward‘s 3 boys)
— Danielle Morrill (@DanielleMorrill) August 23, 2015
When getting breakfast with a VC, eat beforehand, so you don’t do this: @DanielleMorrill @rabois @jasonlk pic.twitter.com/lJsSTgj2RD
— Adam Khan (@Khanoisseur) August 23, 2015
When you do a VC partner pitch, your champion is already sold. So it’s mostly about YOU as CEO. Do rest believe? https://t.co/sxZpPkOPHY
— Jason M. Lemkin (@jasonlk) August 23, 2015
4/ founders must lead the charge on a raise. VC’s want to see the personality behind the company. Investment is in ppl too.
— Jeremy Shure (@JeremyShure) August 23, 2015
/15 practice like you play. Every practice pitch should be like the real thing. You want people to challenge you in practice.
— Jeremy Shure (@JeremyShure) August 23, 2015
36) if you’re not used to living by your calendar this will be really annoying. build in lots of buffer time for travel, food, and bathroom!
— Danielle Morrill (@DanielleMorrill) August 23, 2015
38) same deal with Coupa Cafe, The Creamery, Small Foods, 21st Amendment, The Battery — only do it once you have 2 term sheets
— Danielle Morrill (@DanielleMorrill) August 23, 2015
40) ladies here are some examples of pitch appropriate attire pic.twitter.com/mMBljmC8rA
— Danielle Morrill (@DanielleMorrill) August 23, 2015
@DanielleMorrill great advice from @davidsze, if you want to raise a $10m Series A, ask for $3m, get multiple term sheets, and negotiate up.
— Rick Morrison (@morrisor) August 23, 2015
@DanielleMorrill 40+) No matter how tempting, don’t fly in on the red eye & pitch the same day. Pace yourself wisely.
— Ana Milicevic (@aexm) August 23, 2015
42) you only fail if you stop trying to raise, we flunked out in the A round the first time @bwertz @speechu and @chazard had our backs
— Danielle Morrill (@DanielleMorrill) August 23, 2015
44) make a playlist of music that makes you feel like a BOSS. Music you find yourself strutting to. Music that reveals your best self.
— Danielle Morrill (@DanielleMorrill) August 23, 2015
45) leave it all on the court
— Danielle Morrill (@DanielleMorrill) August 23, 2015
Words from a fundraising master… https://t.co/iY8apOZZRu
— Danielle Morrill (@DanielleMorrill) August 23, 2015
47) raising seed funding is like being 15, I’d love to be that skinny but never actually want to go back to being that much of a n00b again.
— Danielle Morrill (@DanielleMorrill) August 23, 2015
16/ have fun, be grateful for the oppty. U could be picking rocks but instead you’re pitching 4 $$$ at alternate universe prices.
— Mark Organ (@markorgan) August 23, 2015
You are tweeting my heart here, 100% feel this https://t.co/rKMgBLEWtA
— Danielle Morrill (@DanielleMorrill) August 23, 2015