Chapter 4. A Thousand Questions
Can You Answer a Thousand Questions?
Be Prepared by Answering All the Questions in This Chapter.
It would be wonderful if the venture capitalist (VC) would read your business proposal and, without another thought, write out a check for the amount you requested and call you in to give it to you. Unfortunately, this will never happen. You will have to earn the money by proving your company is a good investment. The venture capitalist will have a thousand questions for you to answer before considering investing in your company.
Before you submit your business proposal to a venture capitalist, you should have some friends read it—your accountant, if possible, and perhaps your banker. From these readings should come questions ...