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Identifying the Right Venture Capital Firm Partner
Venture capital firms are comprised of individual partners. These partners make investment decisions and typically take a seat on each portfolio company's Board. Partners tend to invest in what they know, so finding a partner that has past work experience in your industry is very helpful. This relevant experience allows them to more fully understand your venture's value proposition and gives them confidence that they can add value, thus encouraging them to invest. Fortunately, most venture capital firm websites list their partners with great pride. Each partner typically has a bio that includes their educational credentials, business accomplishments and investments that they have made. In identifying the right venture capital partner to contact for your company, try to find the partner that, from their background, will truly grasp the opportunity and can really add value. Once you have identified the most appropriate venture capital partner, it is important to figure out how to contact them. As partners are often inundated with business plans, having a personal connection and/or introduction is often the difference between getting heard and not getting heard. For instance, if you attended the same university or worked at a company that they did, call or email them and use this as the introduction. If not, it is important to network. Call people that may have been associated with the partner and ask for an introduction. Getting the partner's attention is the first key hurdle in raising venture capital. The second hurdle is getting them to believe in the opportunity, and finally, giving them the enthusiasm and information needed to convince other partners in their firm that investing in your venture represents a sound investment. Since its inception, Business Plans by Growthink has developed over 200 business plans. Growthink clients have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share. Growthink has become the firm of choice for venture capital firms, angel investors, corporations and entrepreneurs in the know. For more information please visit http://www.growthink.com or visit our venture capital placement site at Venture Capital Placement.
Other Articles in This Category: How To Start a New BusinessTwo Types of Business Plan Executive Summaries When Your Business Feels Like an Arranged Marriage My Nemisis Pre-Money vs. Post-Money Valuation The Term Sheet?s Role in Raising Venture Capital How A Woman Became A Successful Bill Collector In A Mans Industry And How You Can Too! Entrepreneurial Business Plan The Down And Dirty Way Documenting Partnerships in Your Business Plan The 7 Major Reasons Businesses Fail and How to Overcome Them 5?4?3? 2...1? Do You Want to Just Survive or Thrive? (Part 1) Territory Limitations Policies for Franchised Companies The Use of Common Stock in Venture Capital Transactions Six Steps to Guarantee Your Business Success Go Slow to Go Fast - Why Over 80% Of High Tech Startups Fail And What To Do About It |
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