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But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. See Bessemer Venture Partners’ A comprehensive guide to security for startups. Cobalt for General Partners helps GPs to optimize their fundraising strategy. 1) Manage the firm
Getting the first meeting with a VC isn’t easy because each partner at a VC firm gets so many requests for meetings that he/she couldn’t possibly take them all so they tend to prioritize people that were introduced from high-quality sources. Some people find this elitist?—?I against a broad range of similar companies.
Initially, lots of potential clients may be interested to try out the product because it’s new and the flow of new users may mask the high churnrate. Even more, some founders are not interested in the churnrate at all early on. Who offers these products and services and may become a potential affiliate partner?
What is the best advice you can give for finding a business partner? Don’t quickly choose any business partner. The key is to ask the right people what they think – not your friends, parents or partner. Initial developer: partner or hired? How can I lower my apps churnrate? Do something together.
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