The show Shark Tank has some great business lessons for budding entrepreneurs and startups looking for funding and talking to investors for the same.
Don’t get stumped by the phrase “elevator pitch”; although the two words don’t seem to be made for each other, in the startup business an elevator pitch is what makes or breaks an investor.
Before you read this, you should be aware that I am an entrepreneur who has never raised money from VCs. Two of my three companies were bought while we were still closely held. In the third, we were unable to raise money and eventually got acquired before we could raise institutional money. Therefore, if you are looking for advice on how and when to raise money from VCs, I am less qualified than hundreds, perhaps thousands of...
Here are a handful of the things that most investors look for in promising startups. Which do you find most valuable, and which do you believe are irrelevant?