Venture capitalists see dozens of companies daily that are pitching the same or similar business idea.But the question remains which is the best team one that is going to execute that idea and bring the results?
As a start-up, it’s understandable that your team might still not have the experience to add up to their expertise. If you have credibility and you trust your teammates, you’ll gain credibility with the investors and they will trust you too. After all, they want to see how they’re going to make their money. You have to be careful whether the amount of funding that you’re asking for can bring them a profit, as well as salary for you and your team.
For that reason, at this point, it is recommended to get some help and advice on how to present the management team. If venture capitalists love the executive summary and your team, they’re moving on to the part that most interests them, financials. How you’re going to use the money has to have logic. Angel investors, for example normally expect around 30% in return every year.
And, to make things worse, they try to work with any firm and any partner…
setting themselves up to get passed over, but not anymore!
Venture capitalists want to see those 3 to 4 pages at the start.
These pages help them to get a grasp of what are you planning to do with your business.
Entrepreneurs send out business plan after business plan to Venture Capital firms each day hoping that they’ll catch the eye of a partner. Easy: The partners never even saw the business plan. How can a company with a great concept and a stellar business plan keep getting passed over by VC firms?
How can a company with a great concept and a stellar business plan keep getting passed over by VC firms?
We’ve carefully researched and compiled our Comprehensive Guide to Venture Capitalists using information and tips from VC partners and insiders, to help you pinpoint the right firm, partner and approach to seal the deal and get the funding you need.
Panda Tip: This title should be as concise as possible, but still descriptive enough to get across exactly what it is that your business does.