Your final interview is the last step in our selection process. This document aims to be transparent about the process so companies can be as prepared as possible.
Final interviews allow the Iterative team time to do deeper research into your space and company so we can ask more critical questions than we did over our initial calls. By the time we get together in a final interview, one or more partners would have written an investment memo on your company spent a good amount of time thinking through the opportunity, risks, and challenges.
Our goal from these interviews is to be able to align with you on vision and strategy for your company. In particular, we like to invest into companies where it's clear that we and the founders are aligned on what success looks like in 3 to 4 months so that we can help you raise a significant round of capital.
We recommend you put together a quick deck covering the agenda below (see During Your Interview). It doesn't need to be fancy. We would much prefer you spend time thinking through your content than making it look pretty.
Specifically, we recommend you spend your time thinking about what you want to achieve by the end of the program. Typically the goal at the end of the program is to raise your next round of funding. If that's the case, what do you think you will need to have accomplished (traction, proof of concept, etc.) to raise funding comfortably? With that in mind, what is your plan (with our help) to get there? How would you like us to help?
We obviously will have opinions on this, but we find the conversations are much more productive if both sides have thought about it ahead of time.
Final interviews will be on Zoom. The Zoom link will be in the calendar event.
After we've conducted all the final interviews, we will spend the next few days selecting the final batch. You will receive an email from us within a week of the last final interview on whether we would like to invest.