Honestly, there are so many deals to be had, I would argue that if a VC is seriously interested in a company, then they always aggressively pursue it.
This is a quite hilarious parody of that:
Realistically, a team might get to the sit down, full pitch stage with 2-3 firms at a series A. If they’re supposedly “hot” like Pied Piper, that number may be a bit higher.
They may be offered term sheets by some right away, but that’s terrible business. There needs to be some sort of due diligence involved, usually paid for by the company (not the VC). Going after multiple term sheets becomes cost prohibitive very quickly for a small fry like Pied Piper (that’s why Angels are better at their stage.)
A VC that wants to be nice and help the little guy out could be seen as more aggressive, wanting to get the deal done faster (at better terms for them, of course.)
So, for that reason, any team that has ever been funded by a VC firm (not angels) I’d say was “aggressively pursued.”
Originally Posted: https://www.quora.com/What-are-some-cases-where-a-VC-was-extremely-aggressive-to-get-a-deal
Originally Posted On: 2016-01-06