In our series on Adeo Ressi, founder of thefunded.com, we share more tips on venture capital raising and knowing the rules. We sat down with Adeo at the Fusion forum in Vancouver - for more Adeo and our exclusive interview video click here.

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10 More Tips

1. Do not outsource fundraising.
2. Do your homework.
3. There is no “industry standard” or such a thing as “confidentiality.”
4. Understand exits.
5. Inform your targets of progress during negotiations.
6. Avoid founder vesting.
7. Prepare your references for due diligence - “smart & accomplished” is good!
8. Legal details matter.
9. Have a back-up plan.
10. Know key security terms.

And our favourite, “once the term sheet comes in, your law firm is working for the VC.” Of course, what Adeo means here is that the legal beagles will crank their billings if you are fully funded. Hey, we’re not here to bash lawyers - we like ours - just the messenger baby. More from Adeo later.