An informative and entertaining presentation from Guy Kawasaki. The tips are:
- Viable businesses != fundable businesses. There are many viable businesses (such as Windows Vista consulting), but only a few fundable businesses (you need to make a revenue of 100M in 5 years).
- If VC is like a dating game, then it is more like Hot or Not instead of eHarmony.
- Clean deal. No legal complications.
- Present your idea in a 10 page PowerPoint.
- You need to approach a lot of VCs.
- Ignore all the rules above if your business is already on fire and you just need money to scale: buying more servers, hiring more sales people, etc.
And here is the content of your 10 page PowerPoint:
- Title with your contacts
- Problem
- Solution
- Business model
- Underlying magic (such as your unique technology or business position)
- Marketing and sales
- Competitor analysis
- Team
- Projection
- Where are you right now
Posted under startup
This post was written by kenlaw on September 25, 2008
