●
Understand
investment criteria of
venture capitalists and
meet them; follow
the step-by-step
guide to venture financing
●
Study the
start-up capital formation process,
venture capital basics, and
the guidelines for getting funding in today's market
●
Make
financial
assessment
● Explore
alternatives to VC
financing and try to personally finance and
bootstrap your firm as long as possible, until the need for external
growth finance becomes evident and unavoidable.
● Select
type
of finance you require
● Search for
angel investors and other sources of
seed capital
and study their
investment evaluation criteria and procedures
● Prepare a
milestone chart and
cash flow forecast
● Build up a
management team
●
Understand
how
investors read a business plan and their
start-up business valuation principles
● Study typical
terms of stock issued to
venture capitalists,
and how to
structure the deal;
develop option for investors for
realizing
their financial returns and possible exit strategies
