Early in the history of venture capital, Georges Doriot started the American Research and Development Corporation. With just $3.5 million in funding, he began investing in companies that would commercialize technology that was developed during WWII. His first investment was an x-ray machine, which turned out to be a great hit, turning Doriot’s $200,000 into $1.8 million when it went public in 1955. But since the era of venture capital, most new companies and technologies have come from the West Coast.
VC firms receive hundreds of proposals each year, making it difficult for them to choose the best ones. One of the most effective ways to capture VC firms’ attention is to have a recommendation from a financial professional. A banker, lawyer, or certified public accountant can make a referral, and they are familiar with the type of industry that interests them the most. After receiving the referral, it’s very easy to get the ball rolling.
Getting your business noticed by VC firms can be challenging. Many businesses are rejected for investment because of the soaring number of proposals. To catch a VC firm’s attention, your best bet is to obtain a referral from another financial professional. A lawyer, banker, or certified public accountant can refer a small business to a VC firm. These individuals are often familiar with a particular industry and can help identify potential pitfalls.
VC firms typically receive hundreds of applications each year. The best way to capture a firm’s attention is to have a strong referral from a financial professional, such as a lawyer or certified public accountant. The person referring your business will also be familiar with your industry, which is essential in obtaining investment capital. In addition, your lawyer or CPA will be able to identify industries that are more likely to succeed in the long term.
VC firms usually receive a lot of applications and are not always able to review them all. It’s better to get a referral from someone who knows your business. This professional will be able to provide you with the name of a VC firm and can also give you a referral. These individuals will be able to identify specific industries and can make recommendations for small businesses that have a good chance of securing funding.
VC firms receive hundreds of proposals each year. The best way to capture the attention of a VC firm is to have a strong referral from a financial professional. For example, a banker can refer a small business to a VC firm, while a certified public accountant will refer a company to a business angel. A reference is a great way to get a VC firm’s attention. However, it’s also essential to know how to sell your business.