Hear how to nail your virtual pitch meeting at Early Stage 2021
On a recent episode of Extra Crunch Live, Bain Capital Ventures’ Matt Harris said that if you had asked him a year ago what would happen to venture capital during a pandemic lockdown, he would have replied “it would have fallen off a cliff.” Before the world changed so fundamentally, VCs and founders alike believed they needed to meet in person to build trust before signing paperwork that would financially and emotionally bond them together for years and years.
Today, the landscape is very different. More institutional capital is flowing into startups at much faster rates and a good deal of credit must go to the virtual pitch meeting. Founders can now take 30+ meetings in a single day, but are they making the most of those meetings?
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For years, I was haunted by a fear of failure. I spent my early adulthood as a professional French hornist, playing in chamber-music ensembles and orchestras. Classical music is a perilous business, relying on absolute precision. Playing the French horn, prone as it is to missing notes, is a virtual high-wire act in every concert. I could go from hero to goat within a few mistakes during a solo. I lived in dread, and it made my life and work misery.
Fear of failure is not just a problem for French hornists. Looking bad in front of others is arguably the most common dread people face. This explains why, for example, researchers have found that public speaking is college students’ most common fear; some scholars have famously asserted that people fear it even more than death. And dread about failing doesn’t just afflict the young or inexperienced: According to a 2018 survey conduct
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Dive Brief:
After opening 16 Color Bars in 2020, DTC hair color brand Madison Reed on Wednesday announced a $52 million funding round led by True Ventures. The money will go toward fueling its omnichannel expansion, according to a company press release.
Other investors included Norwest Venture Partners, Comcast Ventures, Shea Ventures, Goldman Sachs, Motley Fool Ventures, Portfolia Rising America Fund and Portfolia FirstStep Fund.
Madison Reed saw 130% growth in 2020, according to the company, and nearly doubled its customer base. The brand announced in 2019 that it planned to open 600 of its Color Bars through a franchise joint venture with consulting firm Franworth, with that number sold or open by 2024.