Raise Millions by Hustle Fund VC Page 140 What happens after an investor says “yes” ● Before you commit to the wrong person, conduct investor reference calls before you accept their offer. You can find references by asking the investor directly, searching on LinkedIn, and asking the people you’ve talked to for other references. ● You’ll need to prepare necessary legal documents like incorporation certificates, bylaws, founder agreements, etc. Be aware that VCs may conduct background checks and require additional documents like side letters. Once you’re in the clear, confirm wire details over a phone call to avoid fraud. Lastly, beware of cashless VCs. ● A data room reflects how founders manage their company, so keep it well-organized, especially for series A and beyond. Having a messy data room can stall fundraising and be a bad sign about company management. Having a Dropbox folder with your key documents is a great start for your data room ● The capital call process is where VCs call down funds from their LPs. This might cause delays in founders receiving money, which is why founders should ask insightful questions about the fund's status and available capital. hustlefund.vc / @hustlefundvc