VC Funding in Bad Times: Five Steps to Better Odds
- Topics:
- Venture Capital
- Tags:
- Entrepreneurship,
- Finance,
- Financial Accounting,
- Financing Startups,
- Gesmer Updegrove,
- Investment,
- Management,
- Team Management,
- Venture Capital
- Source:
- Gesmer Updegrove
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Overview: Despite the increased difficulty of raising money in today's market, high-tech entrepreneurs fantasize about multi-million dollars venture financings at high valuations. While nothing beats a breakthrough technology and hot management team, there are other steps a company can take to smooth the way to a successful venture round. In a new venture, the founders and their employees work at break-neck speed to get the company's technology developed and product launched. There are limited resources and the company is not focused on the niceties of staying organized. As a result, companies often keep their documents in complete disarray and do not keep their corporate minutes and stock records up to date. Most venture capitalists look for a standardized format in business plans, and they will need to push the required buttons to stay in the game. One should pay most attention to the executive summary; VCs will skim the executive summary and decide whether to read the rest of the plan or put it down.
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Format: PDF | Size: 134KB | Date: Mar 2001 | Pages: 4
