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Looking for venture capital for your business? Read The Top Ten Lies of Venture Capitalists

Date: 01/06/2006 | Category: Business | Author: developers

Thinking about getting venture capital for your small business, but feel there is a communication problem. Read this article from Guy Kawasaki about the top ten lies venture capitalists say to entrepreneur. Get hint how to communicate and figure out what they are trying to tell you…

Let the Good Times Roll by Guy Kawasaki: The Top Ten Lies of Venture Capitalists: “Venture capitalists are simple people: we’ve either decided to invest, and we are convincing ourselves that our gut is right (aka, �due diligence�) or there’s not a chance in hell. While we may be simple, we’re not necessarily forthcoming, so if you think it’s hard to get a �yes� out of venture capitalist, you should try to get a conclusive �no.�
This is because there’s no upside to communicating a negative decision. Entrepreneurs will simply hate us sooner–instead the game is to string along entrepreneurs in case something miraculous happens to make them look better. (An example of a miracle would be Boeing approving a $5 million purchase order.)”