The Maxims of Venture Capital - Do This, Don’t Do That!
- Topics:
- Venture Capital
- Source:
- Billsnow.com
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Overview: The article asserts that venture capital presents the aspirant entrepreneur with a rich array of decorum, maxims, and truths that baffle far too many ignorant entrepreneurs. Further it goes on telling that instead of trying to change the way things are, entrepreneurs are advised to learn the ways of the jungle, adapt their methods, and go after the right financing, at the right time, in the right way. They should remove all notions of egalitarianism from the approach and thinking. It is up the entrepreneur to mitigate as much risk as possible, and not for the VC to take as much risk as possible. Many early stage entrepreneurs have a seemingly inexhaustible supply of bad ideas. They often mistake an idea for a good idea. No amount of spit and polish can make a bad idea compelling. If the fundamental business model and/or underlying assumptions are faulty, a professionally prepared plan will not cure these fatal ailments. It is not unrealistic to expect entrepreneurs to learn some of the basics before the wade into the Sea of Private Equity.
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Format: HTML | Date: Aug 2003 | Pages: 1
