January 21, 2011
1350 venture capital firms exist in the United States. In addition, 600k new companies crop up each year. That means there is a whole lot of competition. To get the interest and investment of a venture capital firm, you must apply the following five tips:
Click here to watch a great presentation about getting the attention of Venture Capitalists <==== - Know How to Treat Pain Know how to treat market pain. Where does it exist? This is most important question that you should be asking. Pinpoint a targeted market that wants your product or service, but is not getting it at all or in the proper manner. If your business can provide anything that makes your customers much happier, then you have just probably gotten the attention of a venture capitalist. - Here are the main markets venture capitalists focus on: Biotech companies Software companies Industrial companies Energy companies Medical Equipment companies Semiconductor companies IT companies Telecommunication companies Financial Services companies Business Product and Service companies Electronic companies Instrumentation companies Consumer Product and Service companies Computer and Peripherals companies Networking and Equipment Companies Real Estate As you have seen, there is a lot of room for businesses of all sizes and industries. The higher your particular sector is to the top of this list, the more desirable you will be to a venture capitalist according to Price Waterhouse Coopers. - Venture capitalists love businesses that are growing, especially those businesses that can and continue to infiltrate new customer sections of that growing market. Achieving large amounts of growth and then exiting is what is really important. So get a hold of a few detailed reports from a minimum of one independent market research firm that shows that there are tons of customers that want to contact you. Show it off. Let everybody know it. - If your management team or Board of Directors knows how to grow and build upon companies such as yours, then you will look sensational. Find out how you can make Venture Capitalist interested in your business <==== - To court venture capitalists, you will have to upgrade your usual elevator sales pitch, get a catchy email, a wonderful business plan, a persistent operations plan, an excellent executive summary and a monolithic slide presentation. Get these things now so that you will be ready will the correct venture capitalist does venture onto your path.
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