Raise Millions by Hustle Fund VC Page 117 “growing old together,” and most of us want to grow old with people we like and trust. Before you officially accept money from an investor, you need to do your due diligence. You don’t want to get into business with the wrong people. Here is an example of why Drew (founder) shouldn’t have accepted money from Jason (investor). ● Jason called and emailed Drew ALL the time. Way too much for Drew’s comfort level. Other times, when Drew emailed him for help or advice, Jason didn’t reply for weeks. ● Jason had promised to introduce Drew to other angel investors but never fulfilled that promise. ● Jason told Drew that he wasn’t ready to raise another round, but never explained why. Meanwhile, Drew’s founder friends saw Jason’s name listed as his investor on Crunchbase. They went out of their way to share unflattering stories of their experiences working with him. But it was too late for Drew to reverse his decision to work with Jason. He could have avoided the drama if he didn’t skip a critical part of the fundraising process – conducting investor reference calls. Investor reference calls are phone calls with other founders who have worked with your prospective investor. These reference calls usually take 10 minutes and will probably tell you everything you hustlefund.vc / @hustlefundvc