CEO Bloggers' Club: Trends & Strategy:
just what you needed to know if you wanted to get financing for your gadget! james
"US VC Insights
Allen Morgan, one of the General Partners of 'Tier 1' west coast firm Mayfield, has just finished his '10 Commandments' series of posts. Any first-time entrepreneur planning to seek VC financing at some point will find worth reading and reflecting on Allen's interesting insights. I always say in such circumstance that no one should take 'VC Do's and Don'ts' literally because each startup and each fund are particular. However Allen's points are often practical, and sometimes candid, and can be applied to many (first timer's) situations. Here they are:
1. Do your homework, and contact the right person
2. Be on time
3. Tease, don't overwhelm
4. Know your audience
5. Create the 'Aha' early
6. Explain the idea by analogy to, or contrast with, older ideas
7. Go with 13 or less slides
8. Know what you don't know -- and admit it
9. Be like Goldilocks, when it comes to competition
10. Control the meeting -- but be smart about it
"
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