A Great Market Opportunity. Entrepreneurs who hope for VC firms to help finance their dreams must also first qualify and quantify potential sales. An Unfair Advantage. I need to know what is your advantage over an existing, established entity. A Good Business Plan.
Business plans are great, but only when they're used as a tool after an introduction.
Most VC firms are looking for opportunities that will present a high rate of return within five to seven years. Just be sure your numbers are on target. Develop realistic expectations about how much money you need and how much time will be required to reach certain milestones by looking at successful companies that have been in similar situations. Of course, VCs do want to be assured that the company owns all intellectual rights to the technology or product. We understand that sometimes you need to be able to move quickly and efficiently.