“Try not to be a man of success, but rather try to become a man of value.”
~ Albert Einstein
One way to make your ideas appear more viable to venture capitalists (VCs) is to tie them to proven companies.
For example, let’s say that your company is like eBay but you [fill in the blank regarding how you differ]. Both consciously and subconsciously, this simile gives VCs and other investors the impression that your company might become as successful as that other proven company.
Importantly, don’t bad mouth another company (particularly a successful company); as this will cause you to lose credibility. Rather explain why you are unique and can perform better and/or differently.
Why 91.2% of Companies Fail to Raise Venture Capital
Do you need funding to grow your business?
On this page, I reveal my proven strategy to raise $1 million (or more) from venture capitalists.
When you go there, you’ll learn why the old way of raising venture capital no longer works and most companies fail to raise VC funding.
And more importantly, I’ll show you what IS working today.
Today’s Question: Which drink was named by its inventor after rejecting the first six names that were suggested?
Previous Question: What do J.C. Penney’s initials stand for?
Answer: The initials J.C. stand for James Cash.
In 1898, Penney began working for a small chain of stores in the western United States called the Golden Rule stores. In 1902, owners Guy Johnson and Thomas Callahan, impressed by his work ethic and salesmanship, offered him one-third partnership in a new store he would open.
He participated in opening two more stores, and when Callahan and Johnson dissolved their partnership in 1907 he purchased full interest in all three stores.
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