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entrepreneur checklist
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entrepreneur checklist
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Raising venture capital could be difficult, and to do so one needs more than a great idea and selling proof (sales, prototypes, first clients). Start-ups also needs to be prepared and know how to properly present themselves. Think also about these: Having once proposed a poor idea or a poorly proposed idea to a venture capitalist (VC), it will be difficult to propose a second time, as a database of evaluations are kept. But, if the business plan is good, the venture capitalist will also feel obliged to propose it to another investor should he not be interested himself.
Very important is that there are some technologies or sectors in fashion and some are not. It is therefore important to have a good sense of timing, and search for venture capital not necessarily when it is needed - but rather, when the opportunity is there.
But take care, easily you could losing control of the company. Another frustration is that the objectives are fixed by the VCs and the expected returns on investment are very high. In general though, venture capital is seen as a key element for the existence of start-ups and, in a sense, as a filter financing only promising ideas.
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