Currently Walz, who helped Pham rewrite his business plan prior to the competition - and is now vice president and legal counsel to the company is busy putting his legal background to work. He's tackling a tangle of issues surrounding labor laws and start-up companies, not to mention the Food and Drug Administration. To other would-be entrepreneurs, Pham offers the following advice. This proves it doesn't take two Stanford MBAs with a PowerPoint presentation to get money for their company. You need a good idea, a great team, a lot of confidence we were borderline cocky.
Venture capital is high-risk money.
If you have any doubt at all, investors are going to pass. That's the kind of thinking you need to succeed.