In this episode of BRAVE, Jeremy Au and Adriel Yong discuss how to choose great VCs, conduct reference checks, increase capital optionality, and the red flags to watch out for. “Building a great business with product market fit gives you a lot of capital optionality. You don’t have to build a billion-dollar company in order to raise millions of dollars. It means if you're trying to raise from angel capital, then you should de-risk. You have to be thoughtful about strategy. You should think about how you're bracketing the set of de-risked experimental progress milestones that help you understand the business model in a way that's proportionate to what the capital is looking for.” - Jeremy Au “I had an experience with a great VC. We told each other what we wanted because we’re both going to gain if we hit a certain level of outcome. If we don't get there, we won’t get an outcome. We have a conversation about what the parameters are and the reasons why they are important. We build trust because I'm going to have to fundraise from the next investors. I have to trust this guide explaining the financial terms because it's a long relationship.” - Jeremy Au Read the transcript at https://www.bravesea.com/blog/choosing-vc Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://whatsapp.com/channel/0029VakR55X6BIElUEvkN02e TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea English: Spotify | YouTube | Apple Podcasts

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“What did the council decide on item 42?” — answered with the speaker and the moment.