There is a lot that a venture capitalist considers before signing a check for a start-up company. In addition to presenting a solid business plan, a step-by-step commercialization strategy and a solid understanding of the market, Mark Suster, partner of GRP Partners in Los Angeles, suggests on BusinessInsider.com that there are five skills that an entrepreneur must have before he signs a check.
Suster lists tenacity as the first must-have skill, adding, “Tenacity is probably the most important attribute in an entrepreneur. It’s the person who never gives up — who never accepts ‘no’ for an answer. The world is filled with doubters who say that things can’t be done and then pronounce after the fact that they ‘knew it all along.’ Look at Google. You think that anybody really believed 1999 that two young kids out of Stanford had a shot at unseating Yahoo!, Excite, Ask Jeeves and Lycos? Yeah, right.”
What skills does a VC look for in an entrepreneur? | DIALED-IN
