VCs often ask entrepreneurs to tell them a little bit about their background.
When a VC asks this question they are looking for a high-level 30 second summary of your background. Start with your name and title in the company and then rattle off the companies, titles and one-liners for all of the steps in your career. “I was a VP at Pepsi, where I led the South American branding initiative,” would be a good example of concise coverage for a segment of your experience. If VCs are intrigued about a specific topic or feel compelled to dive in, they will. As a result, you don’t need to volunteer lots of extra color.
VC asks entrepreneur’s about their backgrounds in order to get a high-level sense of the likely skill-set of each team member to confirm that the group complements each other and is well aligned with their respective roles. While this will also inform their sense of your competency, the interaction throughout the meeting will likely have more bearing.
Be sure that each member of your team is prepared to give their personal pitch before you arrive — this is an easy part of the meeting to nail.
