
Frank Demmler writes that entrepreneurs sometimes fall into the trap of thinking that there is a 10-step process that will magically guarantee investment capital.
I really shouldn’t be telling you this, but there is actually a set of criteria that, if met, will guarantee a successful Series A round.
- You are your parents’ favorite child and your last name is Gates or Buffett
- You have bootstrapped your company to $50 million in annual sales with 60% margins and/or you have actually captured that elusive 3% of the Chinese population as customers
- You have recruited Jim Clark, John Doerr, Michael Moritz, and LarrySergei to your management team
Meet this criteria, and Frank's theory goes out the window.
If you haven't been able to do these things, Frank's post may be worth reading.
What other scenarios would guarantee a VC investment? (Tounge in cheek, of course ...)






Could be a CEO Fight Club member?
Posted by: Jeff Barson | August 7, 2006 9:32 PM | Permalink to Comment