Should I compensate people who made VC connections?
Yes — if the deal closes.
If someone introduces you to a VC that writes you a significant check, just give him or her a few options. No cash. But a few options.
It says thank you.
People don’t say thank you enough, in general. They definitely don’t say thank you enough when someone risks and invests their social capital to help you get funded.
They just got you $2m in VC capital?? Give them 2,000 or 20,000 options, or whatever, as an advisor. Not a fruit basket.