What do you look for in a VC?

From the founder side of 40 first meetings: the investors who got the most out of a first meeting asked three things early. Who is actually paying you today. What the realistic exit path is and who the buyer would be. What the last round's price was and who is on the cap table. With $300k and no track record, your edge is being the one who does the work on those three before the founder has to. The founders you want will notice. The ones who can't answer are your screen.