Tier This!
So I’m a member of TheFunded, who as you can tell by the ad on this site, I am a big fan of. However, there’s something interesting I noticed that i would like to share with all of you. The same nuances of pitching VC’s in the valley doesn’t hold true here. In the valley, there are multiple tiers of VC’s and distinctions at least in theory between a Tier 1,2 or 3. However, in NYC there are really only like 20 VC’s before the very late stages. The general advice in the valley is refine your pitch by pitching the tier 3 guys then go after the tier 1. In NYC, everyone (well almost everyone) is in the same game. There just ain’t that much selection. Just wanted to point out that distinction in mentality between both markets.
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