blog roll here
You may have heard the phrase “the glass is half full” or
“the glass is half empty.”
And probably, when we heard it first, we sat and stared for
a moment and really thought about it.
And possibly, and actually hopefully, it made us become
more optimistic. Because good things typically happen to
optimists, and I’ve never met a really successful
entrepreneur who’s a pessimist.
But I learned lately that even a lot of us optimists,
actually act pessimistic a lot.
Typically this happens when we are posing questions.
For example, we may ask, “why don’t our prospects listen to
us when we talk about the benefits of our products?”
Or “How come some of my employees never seem to put in that
Or “Why cant any investor see the value in my venture”
These questions are very negative. And because of that,
they rarely lead to positive solutions.
So, let’s turn these questions around. How about asking,
“How could I communicate better to get our prospects to
really listen to the benefits of our products?”
Or “What could I do to inspire and motivate my employees to
Or “What can I learn from an investors feedback that is not interested in my venture?”
Framing your questions in a more positive light will help
you solve them. It will ignite your positive creative
energy, and that’s when the entrepreneurial magic happens.
So, start turning around your questions and looking for
positive solutions to the challenges you are your business
are facing. The solutions are there. You just need to make
sure you are asking the right questions in order to find them.
To Your Success,
It’s not uncommon for entrepreneurs to want to meet with VCs in a destination geography when they’re in town for business meetings or conferences. It makes sense to get more out of a business trip. While this is generally a smart strategy, trying to schedule your VC meetings at the last minute will likely lead to missed opportunities.
It’s important to understand that sending an investor an email stating that your team will be in town in a few days and would like to meet is not a practical strategy. There are two key reasons for this. First, VCs generally keep a busy schedule and might be booked a few weeks out. Second, VCs will often want to screen your business plan or have an initial phone conversation prior to agreeing to meet with your team. This additional step in the process may add days or even weeks to the process depending on how busy they are.
Inevitably there are times when the business trip is planned at the last minute. There may be little that you can do to contact investors early. If you do know you are going to be making a business trip and want to meet with investors, however, engage them as soon as possible.
You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible. Most startups that fail do it because they fail at one of these. A startup that does all three will probably succeed.
In particular, you don’t need a brilliant idea to start a startup around. The way a startup makes money is to offer people better technology than they have now. But what people have now is often so bad that it doesn’t take brilliance to do better.
Everyone understands that “private placement” is nothing more than direct investment by a group of outside investors that after serious research of a company or business opportunity see a strong positive long term investment opportunity. Also as a private group they want to obtain a leveraged position to help develop the company and also protect the invested capital. Private Placement venture capital also has a lower cost to the company or business seeking new capital.
That is because there is no brokering of the money to be invested. What that means is that there is no “haircut” or garbage fees hidden in the investment agreement. Also because we have in most cases preexisting relationships with the company seeking capital or another major investor of the same firm.
While there is no clear formula for success, there are several “must-haves” that we look for when considering an investment decision:
A management team with the ability to win. We recognize that – above all – our investments are investments in people. We seek to build constructive working relationships with talented teams of driven entrepreneurs. We seek to partner with management teams with a proven ability to succeed and a clear focus on operational execution.
Real, unique technology. Tech VC’s seek to invest in companies with a clear technological advantage. Our passion is technology and we believe that strong technological barriers can provide a competitive advantage and a foundation for a successful company.
Substantial market opportunity. Most VC’s invest in companies with the potential to become market leaders in significant markets. This means that we seek companies that are solving significant business or technology problems and creating true value for their customers. We invest in markets that we believe already are, or can grow to be, large enough to justify high company valuations.
Ability to execute. The above ingredients are necessary, but not sufficient, to create a world leading technology company. A management team that can execute a winning plan under difficult and changing market conditions is exactly what we are looking for.
What We Look For
Large market opportunity
Ability to execute