Cracking the VC Code: True Ventures' Puneet Agarwal on What It Takes to Land Your First Check

In this special bonus episode of Build Mode, host Isabelle Johannesen sits down with Puneet Agarwal, managing partner at True Ventures, to pull back the curtain on the venture capital decision-making process. With VC funding more concentrated than ever, early-stage founders face an uphill battle to secure their first check. Agarwal shares his perspective on what VCs are really looking for in 2026, offering invaluable insights for anyone trying to stand out in a crowded fundraising landscape. The conversation delves into the nuances of how investment decisions are actually made behind closed doors. Agarwal draws on his experience at True Ventures, a firm that has backed numerous successful companies, to explain the criteria and qualities that capture investor attention. Whether you're a first-time founder or a seasoned entrepreneur, this episode provides a rare glimpse into the mind of a top-tier investor and practical guidance on navigating the fundraising journey. Tune in to learn how to position your startup for success and hear candid advice on building relationships with VCs. This bonus episode is essential listening for anyone serious about raising capital in today's competitive environment.