The value of attending networking events is often hard to quantify, as it takes valuable time, but it is worth the effort especially if you are considering starting your own business; building an innovative product or trying to raise funding.
Funders invest in companies and founders they know
Although we receive many proposals through our website at the VC firm I’m part of, all of the deals that we have concluded (i.e. invested in) to date, have been sourced through our networks. An essential part of our business is the relationships that we’ve been building and nurturing with various suppliers and stakeholders in our industry over many years. We are not unique in this regard.
The 2010 SAVCA Venture Solutions VC Survey, found that 96% of deals that resulted in eventual transactions were sourced through own networks and referrals. This was common to all early stage investors including venture capitalists and Angels.
To read the full, original article click on this link: Why you should network when raising funds for your tech venture | memeburn
