The Dublin SmartCamp 2010 final is a grand affair. The main sessions are housed in the same building in which the first Dáil Éireann sat — and was apparently built in eight weeks which is a lot faster than a lot of start-ups.
Sitting in on a very funny presentation by Bill Reichert, managing director of Garage Technology Ventures, gave the entrepreneurs advice on how to raise funds, and more importantly how to talk to VCs.
His best slide of all — the top 10 lies entrepreneurs tell VCs:
- Our projections are conservative
- Our target market is $56 billion
- We have a world class team
- Our average sales cycle is 90 days
- We have no direct competitor
To read the full, original article click on this link: The Top 10 Lies Entrepreneurs Tell VCs - Venture Capital Dispatch - WSJ
