Many first-time entrepreneurs don’t have access to capital markets and will need to seek outside funding in the form of venture capital, a source of finance provided by wealthy investors who see a lot of potential in the business idea.
It’s a scenario akin to that which we see on Dragon’s Den, although without the made-for-TV bickering between investors.
This infographic from All Finance Tax outlines how the venture capital process works, the qualities that a VC-seeking entrepreneur should demonstrate and the most common mistakes that entrepreneurs make when approaching venture capitalists.
