Will the VCs say NO? VCs say no about 99 times more often than they say yes since VCs fund only about one of 100 business plans they get. It’s also important to note that VCs don’t read a business plan just because you send it to them.
The reality is that VCs fund about 0.1 percent to about 0.2 percent of America’s startups, and the proportion does not get much better as the venture ages. Steve Jobs was rejected by about 12 VCs, and Google was rejected by an even larger number. Howard Schultz faced over 200 rejections when he sought financing to buy and build Starbucks.
