Requisite Technology Inc. The Boulder company, raised in a business incubator, specializes in providing electronic catalogs for non-production goods and has grown on venture capital. In practical terms, telecommunications, biotechnology and high technology stand a much better chance than a cement pipe manufacturer or restaurant chain of getting funding, although some funds will take those industries. An important first step is to know which firms fund which type of companies. The Pratt's Guide to Venture Capital, available at most public libraries, is a good resource to avoid presenting a plan to the wrong firm. It's only a first step.
Many entrepreneurs mail out their lovingly crafted business plans out cold.
As with resumes, expect failure. Venture capitalists emphasized that they prefer to receive a reference or introduction from a lawyer, accountant or other entrepreneur they trust. Arkebauer said the Denver venture capital community is still small enough for people to get to know each other. The Rockies Venture Club, which regularly brings together entrepreneurs and financiers, provides one of the most popular venues. There is a process, here, don't try to circumvent it.