How To Score A VC’s Cash
Quoting Jessica Dickler, CNNMoney.com staff writer;
“CNNMoney.com asked several venture capitalists to reveal what they look for in entrepreneurs before they will even consider investing in their start up. And for the most part, they were all in complete agreement.”
Passion
“Aside from the usual paper trail of credentials, the most important thing is that [entrepreneurs] have a great passion for the idea”
Focus
Beyond a passion for a specific idea, the VCs agreed that “a founder must be seriously committed to making the business a success”
People
Almost as important as the individual driving the business is the team of people backing it up.
Innovation
It may be obvious to some, but many VCs said that finding a start up with a unique approach to the marketplace is unusual in and of itself.
Product
And when it comes to the business idea, investors are concerned with the risk versus reward.
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