Well you’d better look at what’s trending…
Have your business plan ready for inspection and by all means WRITE your own business plan with the guidance of industry experts…don’t take short cuts.
Understand the market and your competition
Know who your clients/customers will be
Understand market trends, how your company will trend in the market place and be able to forecast your numbers…
Have a Clear and Concise EXIT Strategy
Know when and how to take risks and how to properly mitigate your risks
Have a communication strategy
This is what you are expected to know (confidently) when seeking or dealing with a VC.
VC’s are not in business to Lose money and they aren’t into liking people personally albeit you have to be able to get in the door and not be a jerk!
#1 Goal of VC= ROI in the timeframe they project.
All the best,