VC Nuggets of the Day

  • Technology Monitor by The Economist
  • Guy Kawasaki on Venture Capital
    • Viable vs. fundable business
    • VC is a “Hot or Not” dating games (you have about 15 seconds to make an impression)
    • You need to present a clean deal (e.g. using typical law firm, not hiring your relatives)
    • PowerPoint is a standard (10 slides, 20 minutes, 30 points font): (1) Title slide with contact information; (2) Problem slide; (3) Solution slide; (4) Business model – how you make money; (5) Underlying “magic” (e.g. technology, people skills, access to unique info); (6) How to you access the market; (7) Competition slide (honestly show gaps); (8) Team slide; (9) Projections (the most important part is a metrics not the dollar amount); (10) Status and timeline (where are you now)
    • “Drill a lot of holes” – you will need to make a lot of effort to raise capital.
    • “if the dogs are eating the food” = “We need more money to scale” = very attractive opportunity
  • www.churchillclub.org – The Churchill Club is Silicon Valley’s premier business and technology forum. The 6,000-member, nonprofit organization has built a reputation for dynamic, in-the-news programs featuring Silicon Valley CEOs, up-and-coming executives and national business leaders.
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