Last year I had the good fortune to raise some venture financing for my business. I did have a slight advantage because one of my employees had previously been a venture capitalist and gave me some advice. However, the process was still challenging. Here are seven key pieces of advice based on what I learned:
1. Understanding your business is key.
Venture capitalists will pick apart your projections, operations and vision. You probably already have a great instinctive feel for your business, but the challenge when dealing with VCs is being able to succinctly articulate this. Keep in mind that VCs are financiers, so the ability to talk about your operations, growth and other aspects of your business using numbers is critical to impressing venture professionals.
To read the full, original article click on this link: Raising Venture Capital: 7 Tips
Author: Prasad Thammineni
