Why VCs Love Founders That Respond to Email Almost Instantly - The Entrepreneurial Way with A.I.


Friday, January 20, 2023

Why VCs Love Founders That Respond to Email Almost Instantly


So somewhat frequently I’ll see a VC just get burned and hazed on social media for saying something like, “The best founders respond almost instantly.”  Or, “The best founders get back to you ASAP.”  Or, “The best founders get their investor updates at midnight on the last day of the month.”

Founders get upset that VCs seem to be putting themselves up on a pedestal, and seem insensitive to how busy and overloaded a founder’s life is.

The concern is right, but here’s the thing.  It’s true.  On anything important, truly important — I hear back from the best founders somewhere between 5 minutes and 24 hours.  If it’s truly important.

Half the job of a CEO is seeing both opportunities and issues that others don’t.  And to do that, you do have to be “monitoring communications” on the ship, one way or another.  And also, looking for that magic moment:

  • The magic moment when a Fortune 500 company says they might want to buy.
  • That magic moment when your dream VP looks like they might be ready to move on.
  • That magic moment when a top partner wants to do something more together.
  • Or that tough moment, that lucid moment, when you might lose a top customer or deal to a competitor.

The best CEOs are hyper-aware of those magic moments.

Now when you are fundraising, realize it’s sales.  It’s selling stock.  And really, it’s a bit like enterprise sales.  You’re trying to land a whale — your lead VC.  You should be all over that prospect and that deal, just like you are a $500k or $1m customer.  The best CEOs are.  Because they know it’s important.

So I know some won’t want to hear it, and some will disagree.  But it’s why you sort of have to be hyper-responsive to VCs.  It’s not just their egos (though that’s part of it).  They’re also judging you as a salesperson, as a leader.  Do you make the right judgment calls?  Do you know how to land a whale?  Do you know how to treat them properly?

The best ones do.

A related post here:

magic image from here

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Jason Lemkin, Khareem Sudlow