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Posts Tagged ‘tips on venture capitalists’

Point Number 10 on How To Pursue Venture Capital

Hire a really good lawyer who knows the ropes. In our last post, we covered dividing up the responsibility for work and success. This time, let’s talk about a crucial team member: your lawyer. Seriously. I know it sounds like a pitch, but I am sincere. Of course we hope that you will hire North [...]

 

Point Number 9 on How To Pursue Venture Capital

Build your team early. In our last post, we covered normal deal terms that affect how ownership is divided and risk shared. This time, let’s talk about dividing up the responsibility for work and success. No matter how smart, committed, persistent, motivated, talented, indomitable and attractive you may believe yourself to be, no one can [...]

 

Point Number 8 on How To Pursue Venture Capital

Know your financial structure. In our last post, we covered a number of factors that affect the founder’s ultimate ownership percentage. In this section, we have a bit more detail. What you need to know up front that the venture capital investment process has become highly standardized. In many ways this is a good thing. It helps [...]

 

Point Number 7 on How To Pursue Venture Capital

“The time has come,” the VC said, “to talk of many things – Of Points and Pies and Preferences and Option Grants with Strings” (With apologies to Lewis Carroll)

 

Point Number 6 on How To Pursue Venture Capital

Watch what you say. Last time, we focused on having a plan. As a corollary to presenting that plan in your conversations while seeking venture capital, here are some things you should never ever say (or at least do your best to avoid saying) to a venture capitalist: This is really several tips in one post. [...]

 

Point Number 5 on How To Pursue Venture Capital

Have a plan. Last time, we talked about being prepared. An extension of that attitude and orientation is our next tip. To raise venture capital, you must have a business plan. In that plan, you must address certain key issues, directly and without fudging or fooling yourself. Your plan need not be long and detailed. [...]

 

Point 4 on How To Pursue Venture Capital

Be prepared. Last time, we talked about the importance of communication. Tip number four means, as every Boy Scout knows, successful effort is all about preparation. If you are pitching venture capitalists, you need to bring your “A Game” based on thorough preparation. Here are tips that may sound rudimentary and obvious, but if ignored [...]

 

Point 3 on How To Pursue Venture Capital

In prior posts, we introduced our Ten Points When Seeking Venture Capital and covered : Be realistic. Be persistent. Point 3. Communicate. Let the venture capital funds know what you’re doing. Keep them informed on developments, both in your company, and in the industry segment you hope to dominate.

 

Point 2 on How To Pursue Venture Capital

In our prior post, we introduced our Ten Points When Seeking Venture Capital and covered the first, Be realistic. Point 2. Be persistent – very persistent. The venture capital business model assumes founders will face many obstacles as their businesses grow. This is one reason why the valuations they place on early-stage companies are so [...]

 

Ten Points When Seeking Venture Capital – #1

I have watched the venture capital market place for over 25 years. I’ve represented venture funds in the formation process, and in their investment activities. I have represented companies that received venture capital, and many that did not. I also started a company that raised $10 million in angel money and professional venture capital. The [...]