Thursday, February 26, 2009

Venture Capital 101

An Extremely Valuable Entrepreneurial Resource

Realizing early stage entrepreneurs often have many misconceptions about venture capital, BillSnow put together this very handy introductory look at the world of venture capital. In seventy jam packed and easy to read pages, Venture Capital 101 shatters myths, and believe it or not, uses Keith Richard's guitar tuning as a paradigm to:
• Dispel the many myths and misconceptions about venture capital.
• Better position the entrepreneur for successful venture capital raises by 1) identifying the characteristics venture capitalists find attractive and 2) providing a framework for when and how to raise venture capital.
• Demonstrate venture capital is not a stamp of approval. The entrepreneur can build a successful company without raising venture capital. In other words, there is no shame in aspiring to build a company that is not “venture worthy.”
• Teach the entrepreneur when to "cut bait." Dump bad ideas and save time and money trying to raise venture capital for deals that are not venture worthy.

READ nine pages - by Bill Snow - http://www.billsnow.com/Venture%20Capital%20101_2004_10_25_9_Pages.pdf

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