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RC

Ron Conway

10/27/13

@ Y Combinator

Once you have any indication of an agreement, send a confirming email to commit the investor to that agreement, ensuring clarity and accountability.

Video

YC

Ron Conway at Startup School 2013

@ Y Combinator

10/27/13

Related Takeaways

GR

Geoff Ralston

10/11/18

@ Y Combinator

Always conclude an investor meeting with clarity, whether it's securing a commitment or understanding the next steps in the process.

DC

Dalton Caldwell

03/07/18

@ Y Combinator

If you decide to invest, communicate your excitement and follow the handshake protocol to ensure clarity and commitment.

YC

Y Combinator Cast

03/07/18

@ Y Combinator

Investors should maintain transparency with founders regarding their rights and any changes to their agreements, fostering a strong relationship.

KN

Kirsty Nathoo

04/28/17

@ Y Combinator

It's essential to keep track of signed documents when raising money, as different investors may have varying rights and obligations.

MS

Michael Seibel

09/24/19

@ Y Combinator

Use a company email address that includes your name when reaching out to investors.

YC

Y Combinator Cast

03/07/18

@ Y Combinator

It's crucial for investors to quickly sign and wire money after agreeing to a SAFE, as delays can hinder the startup's ability to raise funds and continue operations.

TB

Tyler Bosmeny

09/26/18

@ Y Combinator

For closing deals, ensure you have a draft agreement ready to propose when a customer shows interest, as they will expect it and it helps expedite the process.

HT

Harj Taggar

03/26/21

@ Y Combinator

Once you've decided on a co-founder, formalize your partnership through legal incorporation and a vesting agreement to ensure shared commitment.

CL

Carolynn Levy

09/20/19

@ Y Combinator

Communication with investors is crucial, as they expect you to turn their investment into a successful business, and maintaining that relationship is key.