The Best Ways to Find and Sign up with Venture Capitalists
It’s said that every great business starts with a great idea. And there’s certainly a lot of truth to that statement. But like most facts in life, things often get quite a bit more complex when things are moved from the realm of theory and into actual practice. The more complex blueprint will include something that’s even more elusive for most people. And that missing item is money. A million dollar idea without funding will seldom make millions for the person who came up with the idea. The business landscape is lined with the results of people who sold off their ideas for almost nothing because they couldn’t get things off the ground. Thankfully though, there is a way to take a great idea and make it into a great business. Even if one doesn’t have the money to fund much or even any of it. And that is to sign up with a venture capitalist.
The general role of a venture capitalist can be gleaned simply by the title. They’re there to invest in an entrepreneur, in hopes that it will pay off for them down the road. In this situation both people are going to get something out of the deal. The entrepreneur will receive the funding which allows him to actually start a successful business. And to be sure, the venture capitalists get something out of the deal as well. They are, in many ways, in the same boat as a gambler. But in a casino the odds are always in favor of the house. For a venture capitalist, the point is to ensure that their bets are never actually a gamble. But this also tends to make them quite cautious. It’s impossible to get an exact number. But in general it’s estimated that only around one or two out of every hundred applicants for venture capitalist funding will receive it.
Just imagine how many interviews a venture capitalist should conduct in order to find a promising startup. Jason Hope, a famous entrepreneur based in Scottsdale, Arizona, invested in numerous projects in the fields of education, biotechnology, scientific research and many others. He has interviewed hundreds of startups!
There are ways to increase the odds in one’s favor though. And it’s also important to note that there’s no underhanded tricks or games involved. In fact, the best way to receive funding is to be fully honest about one’s goals and abilities. One of the most difficult things for venture capitalists is actually separating the worthwhile investments from the time wasters. It’s up to the applicant to find ways of demonstrating his true worth. But thankfully one of the easiest can be handled on the very first step. And that’s to create a good introduction for oneself.