May 8, 2011
How to Find the RIGHT Venture Capital Firm
Most entrepreneurs want to raise venture capital, but they go about it the wrong way….
Want to do it right? Check out this free video presentation…
#1 Secret to Raising Venture Capital? <==== click here to watch free video presentation And now let’s talk about how to find the right venture capital firm for you. Since there are several different options when it comes to a venture capital firm; which one is the right one? It's a question we hear all the time, but the most important thing to remember is that these firms are not monolithic, impersonal entities. Venture capital firms are partnerships that consist of individual partners that will take a Board of Directors seat in your firm (when they invest). Each one of them will offer a unique specialization that provides plenty of experience in the industry. So when it comes time to select a VC you are selecting a potential member of your BoD. The best thing to do is find one that has the most expertise in your sector and understands the value. These are the ones that will work the best with your company. Most of the venture capital firms out there will make it public who their partners are and the type of expertise that is present. This can help you find basic information surrounding their backgrounds, work history, education, the industries they prefer, and various other components that you can use to your advantage. When you're able to identify the right VC partner, it's possible that they will be a boon to your business. Plus you will get the capital needed to push forward. The next step is to contact the venture capital firm and try to get a personal introduction. Since there are only 750 VC firms in the United States and about 600,000 new businesses looking for capital; a phone call isn't going to help. If you can get a recommendation from another professional that could be your ticket to getting your foot in the door. Whether it's a lawyer, accountant, previously funded entrepreneur, university or college alum, or any other connection; they will only bring credibility to your company. Sometimes all it takes is asking them for an introduction. If you're going to raise venture capital then it starts with identifying the right partner. Getting their attention and convincing them that your opportunity will be successful is the key. If you can't convince the venture firm that your startup is worth the investment you won't get the funds you need to reach the next stages of your business. #1 Secret to Raising Venture Capital? <==== click here to watch free video presentation
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