Use a lawyer, accountant, or investment banker as an intermediary to improve the chances that your plan will be seen. Poor grammar, spelling, and punctuation will turn potential investors off. Send it to the VC firms that best match your business, industry, size, and stage of development. Finally, geography matters to time-pressed venture capitalists. That way, they can go out and visit their nest egg and come back the same day.
Some companies even promise to relocate to Northern California in return for funding.
The farther away a company is, the better it has to be for us to do it. If they are local, we're more willing to invest in a great idea with an incomplete management team because we are close enough to help them build a team, which is practically impossible to do if they're across the country. Ask our small-business experts. Because of the volume of mail, we won't be able to respond to all questions personally. The McGraw-Hill Companies Inc. All rights reserved.