More than ever, an entrepreneur needs a great executive summary. That's what venture capitalists want to see first. The average time it takes venture capital firms to close a deal is nearly three months.
Venture capitalists prefer initial contact by e-mail rather than any other method.
Management, product and market are the most important factors when venture capitalists decide how much of a company they want. Experience is the key characteristic of quality management, and venture capitalists don't accept any substitute. Otherwise, you won't get venture capital. But while the level of venture capital funding has reached an all-time high so far in 1999, the survey reveals that the number of companies receiving funds has not increased by the same accelerated rate. The size of each individual investment is becoming larger rather than more companies being funded.