25%-30%/ 1.5 days a week.
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That’s the amount of time that a VC spends on listening to pitches and evaluating start-ups (sourcing).
So where do they spend the rest of their time?
30-35% of the time goes in advisory capacities with the portfolio companies.
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20% of their time on helping recruit key management positions for you.
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10% of their time on helping make connections for you.
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5-10% of their time on managing the fund responsibilities.
What this means if you are someone looking to raise funds -
When you are working with a VC, he is quite actually working for you - to make things happen.
The best deal for an investee is when capital is smart.
Not just when the valuation is the highest.
Always take money from someone smarter than you - in one field or the other.
It really really matters when things go really well or when things go downhill.
Do you have any questions on a deal in the works?
Have a term sheet that needs to be discussed?
Happy to be of help.
