The first step toward seeing your idea become a business – apart from the obvious preparation of a business plan and determining how much seed capital you’ll need – is preparing to answer the most common questions venture capitalists and angel investors will ask.
1. Who is your competition and what’s the barrier-to-entry?
Be prepared to understand not just your competition but the overall marketplace for potential competitors. Is your idea sustainable against a wave of new entrants? What’s your plan for pushing the business forward?
To read the full, original article click on this link: How to talk to venture capitalists - The Globe and Mail
