What You Didn’t Know About Venture Capitalists

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photo credit: TheAlieness GiselaGiardino²³

Today’s start-up environment is a world in which entrepreneurs must be self-sufficient. Entrepreneurs cannot rely on getting outside money.

A recent interview was recently done with Mike Moritz who is quite possibly the most successful venture capitalist of his time. There were several great lessons given out during this interview regarding the workings of VC’s that most people are not aware of when going after VC money. Look below for some of these lessons recently posted on Open forum:

  1. An entrepreneur doesn’t necessarily have to be 100% proven to impress their VC, but they should be one who can get things done, be creative, very smart, definitely determined and most of all enterprising.
  2. The entrepreneur should be able to prove to the VC that their company or soon to be company is the single most important thing in their lives, they want to see that you have the drive and motivation that it takes.
  3. Don’t even try to fake your way through the VC procress, VC’s actually have a very awesome finely tuned sense of “BS” when it comes to their clients.
  4. Don’t shock or surprise your investor, be up front, honest and forthright from the get go.
  5. Rather then talking about how much passion and drive you have for your company, find a way to show it. Stating that you have it only deters the investor from you.

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