To extend that, VCs only (should) invest in businesses which have:
1. A strong management team
2. A strong management team
3. A strong management team
4. Identified an attractive market
5. A (ideas for) an innovative/disruptive offering.
6. A clear initial business plan.
The im****tance of an experienced, balanced management team cannot be
overemphasised.
This experience can be hard to get as this interview suggests:
Journalist: What's the secret of your success?
Entrepreneur: Two words.
Journalist: What would they be?
Entrepreneur: Right decisions.
Journalist: And how do you learn to make right decisions?
Entrepreneur: Experience.
Journalist: How do you get this experience?
Entrepreneur: Two words.
Journalist: What are they?
Entrepreneur: Bad decisions!
More at <www.planware.org/bad.htm>.
Brian
On Thu, 25 Oct 2007 16:32:46 -0000, NC <nc@[EMAIL PROTECTED]
> wrote:
>
>On Oct 23, 10:12 pm, "Yeah Right" <g...@[EMAIL PROTECTED]
> wrote:
>No. Generally, a venture capitalist would want nothing to do with you
>unless you have at least two of the following three, (1) a prototype
>of your product, (2) a management team, and (3) a well-developed
>business plan.
--
Brian Flanagan Invest-Tech Limited, Ireland
<http://www.planware.org>
<http://www.business-plan-guide.biz>
Extensive advice about business planning, finance, management & enterprise
...
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