Founders Lessons Learned - Part 4: Venture Capitalists

1. If you are presenting the business plan to VC you don’t know and you can’t trust he won’t get the idea and build it somewhere else; it is better to present a plan for something related to the idea not the whole picture to judge what is the reaction of VC and get to know him.
2. Don’t get frustrated from VC when you present ideas, and they mention low experience, this is considered an advantage more than a disadvantage. For start-ups, VC looks into team spirit & idea more than experience.
3. Expect the following questions from VC:
1. What is your background?
2. Too young, how many years of experience?
3. Do you have management experience?
4. How are you going to make money if you are going to give it away for free?
5. What's the revenue mechanism?
4. VCs always have deals and back-doors technical people don’t like, sometimes you might want not to share all ideas with your VC.