Entrepreneurs can't build anything without money. And to get it, one of their first stops is often to a venture-capital firm. I wanted to know more about "VCs," so last month I sat in on a pitch meeting at Grotech Ventures, a Fairfax County firm that has invested in more than 100 early-stage information technology start-ups over the last 25 years.
A Grotech pitch meeting works like this: About eight partners who are lawyers, MBAs and financial types sit around a conference table while an entrepreneur "pitches" the business he is starting. If Grotech likes what it hears, it might offer between $500,000 to $5 million to help a business get started or expand.
Original Article: Thomas Heath - A peek inside a venture-capital pitch meeting - washingtonpost.com
