There are some who prefer the seed capital arena, while others are only interested in later-stage investing. Make certain that your company's stage of development meets with the preferred stage of development of the venture capitalist firm. If your project falls far outside a firm's range, it is better not to approach them. Some investors specialize their investments in medical technology, communications, consumer products and distribution. Let this venture capitalist complete the syndication, rather than starting with smaller investors first.
Many authorities say that the best way is through a quality introduction.
Venture capitalists are more likely to turn down an unsolicited business plan without giving it much attention. Your banker, a lawyer, an accountant or even another venture capitalist can make the introduction. If your contact does not know any venture capitalists, you may have the wrong banker, lawyer or accountant. The best introduction may be from a successful entrepreneur who has received funding from a specific venture capitalist. The first contact after the introduction should be by telephone.