The process of obtaining investment funding from Venture Capital Firms, (VCs) is typically difficult and time consuming for the entrepreneur. There are hundreds of VCs and each focus on different criteria. As a result, a targeted approach by the entrepreneur may be appropriate.
Assessing the competitive environment allows you to determine if your idea is truly unique.
The key is that they are engaging and actively seek to understand all potential alternative points of view in the decision-making process.
As a founder, you should ask yourself, “What is the final, desired outcome of my company?”
Board resolutions are numerous issues to address as one creates and establishes a new company.
Startup due diligence is one of the most important components of the funding process for a new business…
Strategic thought requires thinking “conceptually” as opposed to “sequentially.” Sequential thinking weighs the pros and cons of each step against its immediate surroundings. Conceptual thinking requires that each step be measured against the larger goal. Perhaps this is best understood with an analogy. Imagine going on a trip from point “A” to point “B.”
“A term sheet is like a prenuptial agreement and a coach’s playbook. Spend the time to understand the plays, and what happens should you ever separate from the business.”- Mitch Thrower
noun: value in a property, business, etc., that results from the work that a person does to improve it;
also : the work itself”
There are two key factors to consider in order to be great startup advice from outside experts: Pick the right team, and always know what you want before you ask.