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We have a small but rapidly growing cloud based product which is currently free and we are about to move into the monetization stage.

In the last week we have been followed on Twitter by a tech VC investor with a passion for cloud startups. He has about 20k followers and he follows about 5k - we have less than 50 of each and most of our followers are clients hence why he has really jumped out from the rest.

Should we make contact with him as I presume he saw something he liked? If so, how should we go about it or should we just ignore it and leave it for him to contact us if he is interested?

Thanks

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2 Answers

up vote 5 down vote

Are you looking for funding? If so, then sure contact him. What have you got to lose?

If you weren't looking for funding and just got excited because a VC followed you on twitter... then probably a bad way to make the decision on needing funding or not.

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He's doing his homework. Now what you post matters and more so what your clients post is more important. He's looking to see what your doing but more so what they are saying and how much traction you have or can get.

You could reach out to him but how many people do that to him. You would seem eager. If you wait for him to reach out to you then your in a better position. It's tactics.

I've got Dave McClure following me for my startup. I was of course hell of excited as he's one of the big guys. Yet, I held off on reaching out to him. If you play the hard to get company and he's still interested then you know getting a round from him is at least going to be a little easier.

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How's that working out for you? Gotten funding from Dave McClure? Seems like bad advice to me. No-one is chasing you down to make your business a success for you, you need to make it happen yourself. – Joel Friedlaender Feb 12 at 23:13
I'm not looking for funding from him but I am about to close a $1.5M round with an $8M valuation. I hunted slightly but they found me. – Tony Feb 13 at 5:10
I think the relevant part is that Dave McClure never offered you anything or got in contact with you, but you're advising this person to wait for that to happen to them. I just don't think it's a good plan. – Joel Friedlaender Feb 13 at 5:42
Our solution is an enterprise solution. Thus, we really don't fit within the mold where they do most of their investments. VC's will be curious just like anyone else. How often do they get hit up with a concept from some random person. They'll be a lot more interested in hearing your pitch if you have an introduction from someone they already know. Or, they reach out to you. – Tony Feb 13 at 23:37

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