Why VC Funds Should Build a Community

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

A community is a network of contacts who come together for a common cause.

Venture capital funds should build a community.

Here are the reasons why:

A community will generate more and better deal flow.

Those in the network will know of the venture capital fund and will send deal flow automatically.

Having a community positions the fund as an anchor for the network.

This generates credibility for the fund.

A community provides additional support mechanisms such as mentors.

Those in the community who can provide mentorship around sales, marketing, and finance are more easily engaged.

A community provides services.

Those in the community who can provide financial forecasting, accounting, and marketing services are more readily available.

Word of mouth.

In a community, news propagates more quickly.

Attract investors.

A community will attract more investors as they look for networks to join so they can learn and find support.

This includes both Limited Partners for the VC fund and individual investors to provide follow-on funding to the startups.

Consider building a community for your VC fund.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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