VC relationships aren’t built in term sheets - they’re built over time 🤝⏳
In venture, the long game matters. Both in supporting companies from day 1 and in building lasting relationships. Megan Kelly, Partner at Threshold, joins me on episode 038 of New to Venture where we discuss tips and tricks to make the most out of your early years as a VC investor. Megan brings incredible insights from her time at First Round, Threshold, and beyond. Tune in!
My key takeaways:
1️⃣ Your network building strategies change over time. As a young VC, you spend your nights going to happy hours, events, pitch nights etc. The natural progression as you become more senior involves more curated and intentional gatherings.
2️⃣ When you start your first role in VC, join as many pitch calls with your manager as you can. Take notes of every question they ask. Asking the right questions is a huge part of the job and where mentors can be very helpful.
3️⃣ VC relationships are about the long game. Be intentional about the people you surround yourself with. Understand the qualities and traits of people you enjoy being around. The best way to find the right fit? Be authentic. It’s easier said than done in a world where deals are the currency, but it makes all the difference.
Timestamps:
(00:00) - Introductions
(02:01) - The other “Megyn Kelly” + VC Moms
(04:42) - Does having kids make you a better VC?
(05:47) - Work-life balance and priorities
(08:49) - Key turning points and origin stories
(13:44) - Swiss army knife vs. Specializing
(15:48) - Best practices for being a VC sponge
(17:44) - Questions to ask in a pitch call
(19:47) - Meeting special founders
(21:49) - Learnings from great organizations
(23:22) - Joining the Threshold team
(26:07) - Principal to Partner
(27:38) - how does Megan Kelly win? + Building genuine relationships
(32:01) - Ceremonial final Qs