“I’ve never felt like I was in the cookie business. I’ve always been in a feel good feeling business. My job is to sell joy. My job is to sell happiness. My job is to sell an experience.”
Can venture capitalists (VCs) fund any companies they want?
No. VCs can not fund whatever companies they want.
VCs invest other people’s money. This money comes from individuals, companies, investment funds, etc.
In raising their own funds, the VCs create contracts with these individuals (called Limited Partners or LPs). And, the LP contract defines the types of investments that they’ll make with the money.
If your company doesn’t fit with the investment types documented in the agreements, they can’t fund you. That’s why an important first step in raising venture capital is to access VC databases that allow you to search and find the VCs that fund companies like yours (generally based on your sector, location, stage of development and funding requirements).
Forget Old School!
The “old-school” way of raising venture capital is DEAD!
And that’s why I created this page for you… to show you how to do it right.
There’s a common mistake almost every entrepreneur makes… and if you approach venture capitalists like most entrepreneurs, you’ll NEVER get funded.
Today’s Question: Before the introduction of the hair dryer in 1920, what common household appliance was promoted for its hair-drying ability?
Previous Question: What did All Nippon Airways do in an effort to prevent its planes from sucking birds into their engines?
Previous Answer: It put eyes on its planes.
They painted giant eyes on the engine intakes to discourage birds from approaching. Who says you can’t have fun solving problems?
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