There are some who suggest that the venture capital model is broken since the returns for many VC firms are quite low according to some reports. In light of these findings, anyone hoping to profit by investing in a startup company will need to seek expert advice before cutting a check. Here are some tips from a number of leading VC experts:
Invest in Talent More Than Ideas
Passion Capital, a successful VC firm in London, has shifted its focus <http://gigaom.com/europe/five-lessons-from-londons-hardest-working-vcs/ from ideas to the quality of the teams on a startup. Gigaom reports, “What started as a factory for backing ideas quickly became a talent agency: aimed at getting people who have ability and chutzpah together, in a way that almost trumps the quality of the ideas they have — because the ideas will inevitably morph.”
To read the full, original article click on this link: 5 Important Tips for Venture Capital Success | Startup Weekend
