a. First contact with a VC

• Elevator pitch - 1 to 3 paragraphs on team, product and business
• Executive summary - 1 to 3 pages
• Also explain what problem and why solving it?

b. 10 slide summary of your company:

Problem

TAM

Team

Strategic advantage

Summary financials

Milestones

c. For syndicated investments, set up an SPV with a single Angel in control

• Communicate to all investors
• Request for single Angel to represent all other investors

(similar to Jason's Launch programme)

d. Option pool

• Come prepared for a fundraiser with an option budget
• Investors might try to squeeze out economics via option pool taken on pre-money basis

e. Independent board members

• Typical compensation is b/w 0.25% and 0.5% in equity