The Venture
Capitalists around the world also think a lot before funding any startup. This
is important of course as it is about their money and they cannot let it go,
just like that. There are certain things or you can say some factors according
to which they decide that whether they will fund them or not.
So, what are
those factors which tend them to fund these founders? Here are some of them:
1.They do
not judge by age, never!:
Everyone Has
this thinking that the entrepreneurs who are old and more experienced get the
first priority when it comes to funding by the VCs but this is absolutely
wrong. According to the SEO company Kolkata age is just a number
when VCs have to decide about the entrepreneurs. This is true that they see the
experience of the person but they also look at the niche of the company.
Whether the technology, product or services worthwhile, whether they will be
able to attract more customers and are the entrepreneurs smart and active
enough? All these questions carry more weightage than the age of the
entrepreneur.
Many
experienced VCs say that an entrepreneur should be a person whom people can
respect and accept their leader. It means they should have that special spark
in them.
2.The right
executive, the right culture:
VCs have
this in their head. They keep a keen watch on the culture of the company and
mainly the executive layer because they are the leaders and the people who set
up the DNA of the company. If they are not mature and do not have a nice
behavior then there is no way they will fund them. Every employee of the
company learns from them and if they are not setting up a good office culture
then what will the employees do.
3.And yes
the personal history of the entrepreneur:
The
personality of a person is crafted by his or her personal life. The history of
a person’s life tells that what is driving him or her towards this business and
will he be able to sustain for long. SEO company in jaipur believes
that there are many questions which go all over in the mind of the VCs like
what will he do when the situations are tough? How will he judge? How will he
recruit his employees? How will he behave at the times of uncertainty? The
answer to these questions tell about some of the future aspects of the
entrepreneur.
4.Experienced
or Unconventional:
Different VCs have different views on this point. Some say that experienced entrepreneurs who might have seen setbacks and want to start all over again are more successful because they know about the obstacles and hence they will just cut out through them while others say that unconventional entrepreneurs gain more attention because they explore new things and come up with innovations. So, it entirely depends on the VC that with whom they want to go with.
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