Outbound Wiki

Founder network outreach

Using personal, investor and industry relationships to create introductions and early sales conversations.

Network outreach works when the relationship gives people a reason to listen before you ask for time. Build each introduction so the connector can explain the fit and the conversation has a clear job. A VC estimated that a meeting from a cold email had a 1 in 600 chance.1 A recipient may check on you through a shared network before accepting a cold introduction.2 The introduction earns access; the conversation still has to earn interest.

Pick the target

Keep the request narrow enough for a connector to see why the recipient belongs in the conversation. If the request is vague, the relationship has to carry it.

Start by selecting the types of companies that might buy your product.3 Limit the types you target,4 and start with industries where you have domain expertise.5 Narrow the list further by location, revenue, and total employees.6

State whether you want a customer's view, an introduction to another person, or an investor's view. Give the connector a reason this person should care and a clear outcome for the conversation. Continue once you can describe the target without falling back on a broad market label.

Map the path

Start with the person you want to reach and work backward through personal, investor, and industry relationships. Do this before asking anyone to forward a message.

Work through your target investor list to obtain introductions, accepting that the route may pass through multiple intermediaries.7 Look for mutual connections with target investors.8 Relationships held by a CEO and an investor can create a warm introduction for a salesperson.9

Draw the path on paper. Put the target at the end, then list each person who could credibly explain why the conversation belongs there. Choose the closest relationship that can add context, even if that person will not make the final introduction.

Choose the connector

The best connector can give the recipient context and answer basic questions about you. A large contact list helps less when nobody can explain the connection.

Use conversations with other founders to qualify a prospective investor.10 Ask the connector how they know the recipient and what the recipient cares about. Check whether they would feel comfortable forwarding a short note. If the connection is weak, ask whether another person in the path knows the recipient better.

The connector should be able to explain in plain language why the introduction makes sense. If they need your entire pitch to do that, find another connector.

Make the ask easy to forward

Give the connector enough context to decide without researching the request. A clear ask also lets them decline without negotiating.

A connection through a mutual contact is presented as the best outreach method.11 When your goal is learning, ask around a specific challenge. Networks have offered warm introductions to people who could provide insight into a particular challenge.12

Use a short request such as: "Could you introduce me to [person] because [reason]? I want to learn [specific thing], and I can send a note you can forward." Include the forwardable note instead of asking the connector to write it for you.

A connector may offer an investor introduction when the fit is obvious because it benefits both sides, although that situation does not happen often.1314 Make the fit visible by naming the recipient, the reason for the match, and the question you want answered.

Match the format

The relationship should shape the channel and the amount of context. A message that feels natural to a former colleague may feel impersonal to someone who knows you socially.

A close relative may prefer hearing the idea face-to-face, while a former colleague may accept an email with an offer to discuss it in person.15 For a business-savvy friends and family audience, present the idea as you would to any other investor.16

Use the channel that lets the connector add their own context. Keep the request specific in every format, then let the relationship determine whether the next step is a call, a meeting, or a conversation in person.

Run the conversation

Treat the introduction as a handoff into learning. The next conversation should improve your target, your message, or the path to another contact.

A founder-led sales pattern keeps conversations with potential customers and people who can introduce them running in parallel.17 Get feedback from potential customers as soon as possible after committing to an idea.18 Early customer insights can direct product strategy and improve the likelihood of a sale.19

Take insights from these conversations back to the team.20 Use them to discuss what to build next with the product team,21 then work out how they affect positioning and go-to-market strategy.22

Listen for the words the recipient uses to describe the problem, the reason they would make an introduction, and the missing context that stopped them from acting. The conversation is useful when it gives you either a clear next conversation or a sharper reason to change the target.

What not to do

Network outreach breaks down through poor timing, weak context, or treating access as the outcome. Keep these mistakes out of the workflow.

  • Do not wait until a fundraising round is close to build relationships with future investors; founders are advised to start networking before the next round approaches.23
  • Do not meet a potential investor without a proper introduction.24
  • Do not assume an introduction alone is enough; one investor said they would blindly take a meeting based on an introduction alone from fewer than 50 people.25
  • Do not assume that a meeting obtained from a cold email means the investor will invest.26
  • Do not leave existing investors out of outreach to new investors; keep them involved throughout the process.27

Before the next outreach block, write the target, map the path, and prepare the forwardable note. Ask the connector for a clear yes or no, then use each conversation to sharpen who you approach and why.

Sources

  1. 1
    “One VC surveyed his friends and reckons the probability of getting a meeting from a cold email is 1/600.”
  2. 2
    “Before you take that as all the evidence you need, note he expects to be able to check up on you through a shared network.”
  3. 3
    “The first step in identifying potential customers is selecting the types of company that might buy your product.”
  4. 4
    “Limit the type of companies your product will target”
  5. 5
    “Start with industries where you have domain expertise, ideally with companies similar to those you’ve worked with in the past.”
  6. 6
    “Then narrow further by looking at the potential customer’s location, revenue, total employees etc.”
  7. 7
    “Work your list to get intros. It may take a couple hops if you’re not already well connected.”
  8. 8
    “Find mutual LinkedIn connections.”
  9. 9
    “So, I as a Who Cares sales rep all of a sudden have an opportunity to get a Warm introduction”
  10. 10
    “Talking with other founders is also a great way to qualify a prospective investor.”
  11. 11
    “So if you can figure out a way that you can get connected to someone through someone else, that’s the best way.”
  12. 12
    “But many times, my network was kind enough to offer warm introductions to individuals who would provide invaluable insight into a particular challenge I was working to overcome”
  13. 13
    “Sometimes I meet the company and I immediately think of an investor who might be interested. In those situations, I would offer an introduction myself, because it benefits both sides.”
  14. 14
    “That does not happen very often, but it does happen.”
  15. 15
    “There are some ways to craft a pitch tailored to friends and family. A close relative might appreciate hearing about your idea face-to-face, whereas a former colleague that you’ve kept in touch with over the years might accept an email with an offer to discuss your idea in person.”
  16. 16
    “If your friends and family audience is business-savvy, present your idea as you would with any other investor.”
  17. 17
    “He was always talking to a potential customer or meeting with someone who could introduce him to a potential customer.”
  18. 18
    “After you’ve committed to an idea for your startup, get feedback from potential customers as soon as possible.”
  19. 19
    “Insights from your first potential customers help direct product strategy, increasing your likelihood of making a sale.”
  20. 20
    “He would then take the insights from these conversations back to the Lattice team.”
  21. 21
    “He would talk to the product team about what we would need to build next.”
  22. 22
    “And then I’d work with him on how these insights would inform our positioning and go-to-market strategy.”
  23. 23
    “Start networking and building relationship before you get close to raising your next round.”
  24. 24
    “You do not want to meet with a potential investor without getting a proper introduction.”
  25. 25
    “there are probably less than 50 people than I would just blindly take a meeting based on an intro alone.”
  26. 26
    “That’s a meeting, not invested.”
  27. 27
    “Throughout this outreach, don’t forget to bring your existing investors along with you.”