What are the 10 top mistakes entrepreneurs make when asking for money?
It’s no secret that “the numbers” are exceedingly important to a venture capitalist (VC) when deciding whether or not to provide money to a growing company. But there is much more to the VC decision-making process than just crunching the numbers. Other factors — including subjective impressions – may be just as important to what a VC ultimately decides. It is here that entrepreneurs seeking capital often needlessly make mistakes that can prove fatal to their pleas for financial backing. There are 10 mistakes that entrepreneurs often make when looking for investment capital. Published by Beacon Venture Capital and the (US) National Consortium of Entrepreneurs, this article makes very interesting reading.
