Why VC Introductions to Other VCs Fail as Fundraising Leads

Jason Lemkin argues that introductions from your current VC to other potential VCs for future funding rounds are ineffective leads despite appearing helpful. The author explains that these intros lack urgency, create negative signaling, and typically result in poor valuations. Instead, founders should cultivate independent VC relationships early, seek intros from partners and later-stage founders, and build relationships before needing capital.