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What to Expect from a VC?

Shradha Sharma
18th Nov 2009
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As Startups most of us work on a plan keeping in mind what the VC’s will expect from us. Most of us know that the three tenets we need to work on broadly to get funding is showing profitability or atleast a clear dream of making money. Closely linked to it is the scalability factor of our startup and third is our own profile as an entrepreneur. Ofcourse the requirement list to eventually get funded is much more. In the endless pursuit of managing to fulfill all the criteria, I have seen in most of my interactions with fellow startups that we forget to draw our own checklist on what to expect from a VC other then the moolah. Here is what I think we should look at for the success of our venture.
  • Is the VC attuned to my sector and has prior experience in similar domain?
  • Is the VC ready to invest good amount of time regularly to help me form strategic tie ups, relationships?
  • Is the VC empathetic to my challenges and tuned into my plans?
  • Is it just about increasing the valuation or is it also about building values?

I know these questions might seem a little soft but time and again it has been proved that successful VC funded ventures are those where the Investor is more of a partner in all the terms and mentor then just a financial associate.

Shradha

Write to me at shradha@yourstory.in

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