VCs expect transparency from entrepreneurs from "summary" of Mastering the VC Game by Jeffrey Bussgang
Entrepreneurs often make the mistake of thinking that they should only share good news with their investors. They believe that by hiding the bad news, they can protect their relationships and maintain trust. However, this approach can backfire. VCs are experienced in dealing with startups, and they know that not everything goes according to plan. They expect entrepreneurs to be transparent about both the good and the bad. Transparency is essential in building a strong relationship with your investors. VCs understand that startups face challenges and setbacks, and they appreciate honesty and openness. By sharing both your successes and your failures, you demonstrate that you are a trustworthy and reliable partner. This transparency can help you build credibility and trust with your investors, which is crucial for long-term ...
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