If you only start learning about VCs when you’re already down the fundraising path, you’ll already be too late. : When you’re running your own venture — especially if it’s your first — it’s unlikely you will find the time to deep dive into how venture capital firms work. Fundraising is distracting for founders and can even hurt their company in the early days. But if you only start learning about VCs when you’re already down the fundraising path, you’ll already be too late. Founders tend to make a series of classic mistakes when raising funding.