In this segment of our video series focused on investor relationships, the discussion turns towards the importance of not just building but also nurturing a business network, especially in industries where relationships matter. My guest Andrew Satz speaks about his deliberate choice to prioritize relationship-building over transactional interactions, a point of divergence from those who approach networking solely as a business transaction.
Andrew cites a significant influence on his approach: an article by Chris Varelas from First Round Capital titled “How to Become Insanely Well-Connected.” This article underscores the idea that networking is a two-sided coin involving both the building and the nurturing of relationships. Andrew, my guest agrees that while building a network might be challenging, the real difficulty lies in nurturing it over time.
One valuable lesson Andrew shares, which he learned from TechStars, is the importance of keeping your network updated on your progress. People don’t just want to connect; they want to be part of your journey, to see you evolve and succeed. By regularly updating his contacts on his endeavors, he not only keeps his network engaged but also creates a feedback loop that helps him and his business grow.
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Link To Article: https://review.firstround.com/how-to-become-insanely-well-connected
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