1) Long-term Commitment: Your VC is looking for a long-term relationship, typically 7-10 years. Understand what this means for your business and personal life.

2) Beyond Money: VCs offer more than just funding. Their connections, advice, and experience are equally valuable.

3) The Importance of Fit: Not every VC is right for your business. The right fit goes beyond finances to alignment in vision and operation.

4) Expectations on Returns: VCs expect a return; often, they aim for at least 10x on their investment. Make sure your business plans can satisfy these expectations.

5) Involvement Level: Some VCs like to be very involved, while others prefer to stay in the background. Knowing this can help you manage the relationship effectively.

6) Exit Strategy: VCs need an exit strategy. Whether it’s an IPO, acquisition, or another form, you should know what it might look like.

7) Communication is Key: Regular and transparent communication with your VC can prevent misunderstandings and foster a stronger partnership.

8) Your First VC Might Not Be Forever: Your needs may evolve beyond what your first VC can offer. It’s okay to seek additional partners as your business grows.