Compare cold email and warm intro outreach to VCs — actual conversion rates, when cold works, and how to earn a warm intro.
Warm intros convert at 5-10x cold email. But a well-researched cold email still beats a lukewarm intro from someone the investor doesn't respect.
Intros from portfolio founders convert best (15-25%), followed by co-investors, then LPs. Intros from unknown contacts are worse than cold.
Specific, researched, references a recent thesis post or portfolio company. Under 120 words. 3-5% response rate is achievable at this quality bar.
Help portfolio founders first with no ask. Publish specific market takes. Share a customer intro before requesting one back.
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