The Right Mentor for the Job

The CEO of an established startup or company might not always be the right mentor for your company.

Key Points:

  1. Find mentors that are 1–2 years ahead of you. They know what you are going through and how to resolve pain points like yours.
  2. With an early stage mentor, ask targeted questions about the specific business challenges and hurdles that you’re experiencing.
  3. Be responsive, engaged, and respectful — the best mentor-mentee relationships become mutually beneficial with each person keeping the other accountable and focused.
fiifi -- The Right Mentor for the Job

Introducing early stage startups to mentors and influencers is an integral part of my day-to-day. Founding a startup can be an overwhelming and isolating job, but a mentor can be the key to building your community. 

Many times, your mentor will become as important as the rest of your distributed team. If they are the right fit, they can help you close your funding or be your ticket to meet your next early customer.

In your early stages, it’s more helpful to find mentors that are 1–2 years ahead of you — founders who have recently raised capital or are currently working through exponential growth. The pain points you feel are very likely akin to what they have experienced and the resolutions are fresh in their memories. 

Read the full post on Medium — The Right Mentor for the Job

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About fiifi

Matt Blomstedt

Raise Your First Fund, a How to With SpringTime Ventures’ Matt Blomstedt

How to Raise your first fund With SpringTime Ventures. A fiifi blog series part 3 of 4

1. Tap into your 1st, 2nd, and 3rd degree network to cast a wide net when looking for potential investors

2. Set deadlines and create a sense of urgency to quickly build momentum and get LP commitments.

3. Communication is key when fundraising and managing your fund. Even if a lead goes cold

October 26, 2020

How to: Adding Capital Calls & Distributions

How To: Add Capital Calls & Distributions

Keep accurate records of capital calls and distributions from your fund dashboard.

See fund size, total amount called and capital percent called. fiifi updates records for calls and distributions.

The software shows you net DPI automatically, how much has been distributed & to what totals you need to distribute to your LP’s (Limited Partners).