SixTips

Below are six simple tips to getting time - or at least consideration of your business project idea - with a lender/a venture capitalist (VC). They will help you to better understand the world of lenders you're about to step in. So, what do you need to do first of all.

1. Get to know the VC market

Most VC specialize in industries, different stages of a startup’s development and even in geographic regions.

2. Know what VC want, and knowing if you have it

All are looking, essentially, for three things:
1) A product or service that they believe solves a problem or fills a need, on a grand scale
2) A management team with a track record of success
3) A potential rapid rise in value

3. Prepare a Business Plan that successfully sells your idea - and you

Your Business Plan will either open doors or close them. To get a VC’s attention, you must present a plan that fully and clearly articulates the fundamentals of your business and also includes a thorough competitive analysis.
To learn more about Business Plan and how to write it, read this.

4. Build your network of influential people who can open doors for you

Remember these words: No cold-calling. No random e-mailing.
In the VC business it’s who you know.
Most VCs will consider your project only upon referral from someone they trust and work with. You want that someone to make your introduction.

5. Hone your presentation into a work of art

Easily less than 25% of the business plans submitted lead to coveted ”face time” between VCs and entrepreneurs. So if you get it, you must take the best advantage of it. You must think hard about intelligent and sound answers to questions such as:
What gave you this idea? Who are your customers? And the most important one that must sound extremely convincing - Why do you think you can succeed?

6. Keep your head up, your expectations in check and your options open

If you believe strongly enough in yourself and your business idea, you will work it out and find your own lender, eventually.

Meantime think about this - if you want to speed the process of finding a lender for your project - it’s time to find the professionals.

You need someone who:
--- Knows the rules of the VC world
--- Has contacts in the VC world, and a lot
--- Capable to prepare professional business plan for you
--- Can teach you how to communicate with VC
--- Can understand your problems and show you the solutions to them

We can offer you all this and more. Contact us.