January 19, 2007

Wanna start.....Pitch a VC

Read this one on Economic Times and found it very interesting.An article on how to pitch VCs and how much an entrepreneur should be aware his product and the market he would target with that product.

A small excerpt from this article is below:
What is common between a good venture capitalist (VC) pitch and stand-up comedy? In both the cases, a perfectly timed and delivered spiel can make or break your career. A comedian begins with a killer opening and keeps rolling to peak a couple of minutes later. He makes a graceful exit with a customary greeting, leaving the audience yelling, whistling and clapping.

The urban legend regarding start-ups is that you get a two-minute shot to reveal your plan and what it is good for. All this is done in such a way that the venture capitalist, with whom you’ve jumped into a cab or elevator, will write you a cheque one day. You want to win over your audience so that it supports your idea with its heart, soul, mind - and money.

Winning these, in a start-up business, means you have to construct a short and snappy sales pitch of your idea. In Mumbai, like in the Silicon Valley, face-time with a VC is limited. So, be prepared to make your only shot your best shot. The time window is small, hence the idea has to be crisp and clear.

Read the Complete Article



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