How to Introduce Yourself to a Venture Capitalist
How to Introduce Yourself to a Venture Capitalist
The first option is to approach venture capitalists yourself. This is a very time consuming process and you risk taking your mind and attention away from your business.
The best way to find a venture capitalist is through an intermediary. They know the important players on the street and what they are looking for and investing in. The venture capitalist relies on recommendations of the people they trust. If the intermediary has established friendly relationships with them, it will boost your chances of getting in.
Going after a venture capitalist without an intermediary is like going to court and trying to represent yourself instead of having a lawyer.
The first option is to approach venture capitalists yourself. This is a very time consuming process and you risk taking your mind and attention away from your business.
The best way to find a venture capitalist is through an intermediary. They know the important players on the street and what they are looking for and investing in. The venture capitalist relies on recommendations of the people they trust. If the intermediary has established friendly relationships with them, it will boost your chances of getting in.
Going after a venture capitalist without an intermediary is like going to court and trying to represent yourself instead of having a lawyer.
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For more information, visit www.EvanCarmichael.com. |
2 Comments:
In my entrepreneurial (ad)ventures I have encountered many of these intermediaries. None has ever struck me as a potentially good "ambassador" for my business, and all I've got so far from them is some very expensive crumbles of money - I had to raise the real money myself. (I hope the one I am working with at the moment will be different!)
Do you have any advice on how to find and evaluate good VC/angel intermediaries?
Hi Luca,
Unfortunately there are a number of people in the industry who make gross misrepresentations of what they can accomplish.
There are a number of things to look for:
- Ask to speak with previous clients of theirs - you should get at least 2-3 names
- Do they have experience in your industry or not?
- Do they get paid mostly up front or on successful completion?
- How much are they asking for?
Hope this helps.
Evan.
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