Hope Is Not A Strategy
June 11th, 2008 by Benjamin KuoMarc Averitt, a venture capitalist at Okapi Venture Capital, posted this yesterday on his blog, and we thought it would be interesting for our readers. We’ve reposted it (with permission) in our Insights & Opinions section.
I’m writing this post for one simple reason: to be able to point every would-be-entrepreneur who asks me what it takes to “get venture capital” to the permanent link rather than continue to explain to them. It’s all about efficiency. So, what are VCs looking for before they decide to invest in a start-up? The good news is that I’ll disclose the secrets here. The bad news is that even if you cover all of these elements it still doesn’t guarantee you will get funding (more on this point later). Without further adieu, here is a short list with brief explanations (see if these sound familiar)…