If you're a starting a business, whether its an incubator business or a startup, your number one goal is to see your business succeed.
We have had some ups and downs in the process of starting Leximo, and we decided to reach out to venture capitalists ( VCs) for some advice. We figured we aren't the only ones with unanswered questions.
The problem is people are quick to tell you whats wrong but don't know how you should fix it. With that being said, we teamed up with other fellow entrepreneurs and created a list of 7 Startup Questions That Venture Capitalists Should Answer...
David:
In cases where a prototype is possible, even if it isn't elegant - this is preferred. We (21Ventures) invest in clean technology companies. In some cases, asking the entrepreneur to show us a prototype of a carbon recovery plant isn't feasible. The next best thing is for the entrepreneur to have a clear picture of their technology and to answer these three questions for me on the spot:
1) Is it real?
2) Is it worth it?
3) How do we win?
Entrepreneurs that can still remember the days of 1996-99 need to forget them as the super outliers that they were in the history of venture capital. Today, entrepreneurs are doing more legwork on their own, spending more of their own money to start, and bringing in VC money once they are closer to a proven concept...
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