I have been advising/mentoring digital health startups for a while. Helping them with overall brand strategy, go to market, and acquire funding. I want to take what I have been doing and move it down the funnel, helping to identify and fund these startups.
I need help in what to look for in a VC/financial cofounder/partner. What should be the requirements?
Any help would be appreciated. Thank you!
I'd say: look for the qualities that compliment your skills that would help you to achieve the most productive result. I know it sounds vague, but you have to use a personalized approach and assess your skills since you know yourself better than any of us.
You should start as an angel investor to build a track record. Assisting/mentoring is different than portfolio management. Without a track record you will have a difficult time raising LP capital.
If joining a firm is your other best choice, that is very straight forward; talk to all of them and see who has interest in you. Again, though, you should have a well documented track record to get a junior slot. "Advising/mentoring" is not the same as having a talent to spot opportunity and grow a company.