Comments on: How to Raise Venture Capital http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/ Ace King, Check it Out! Mon, 01 Dec 2008 19:15:06 +0000 http://wordpress.org/?v=2.6.5 By: Joe http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26250 Joe Mon, 08 Oct 2007 20:21:05 +0000 http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26250 <p>Hi Adam,</p><p> I can't remember of the top of my head (possibly Brian Caulfield) but  I do know there was general agreement that a good powerpoint was the best starting point for a conversation. The powerpoint crystalises your thoughts and should be backed up by more detailed thinking in the form of a business plan. I certainly agree with the sentiment. <br /></p><p>You should realise that if you send your business plan to a VC they are probably only going to read the executive summary and (maybe) the summary financials. So handing over a big 40 page document is probably not the best start. You will need a plan (eventually) but for generating initiali interest a really great presentation beats a royal flush.<br /><br /><br /> </p> Hi Adam,

 I can’t remember of the top of my head (possibly Brian Caulfield) but  I do know there was general agreement that a good powerpoint was the best starting point for a conversation. The powerpoint crystalises your thoughts and should be backed up by more detailed thinking in the form of a business plan. I certainly agree with the sentiment.

You should realise that if you send your business plan to a VC they are probably only going to read the executive summary and (maybe) the summary financials. So handing over a big 40 page document is probably not the best start. You will need a plan (eventually) but for generating initiali interest a really great presentation beats a royal flush.

 

]]> By: dahamsta http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26249 dahamsta Mon, 08 Oct 2007 20:01:15 +0000 http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26249 Can you tell us who suggested that people should "focus on building a great powerpoint presentation rather than a great business plan" Joe? That's the dumbest advice I've seen in a while, I wouldn't /want/ money from a VC that thinks along those lines, unless they didn't get a seat on the board of course. :)adam Can you tell us who suggested that people should "focus on building a great powerpoint presentation rather than a great business plan" Joe? That’s the dumbest advice I’ve seen in a while, I wouldn’t /want/ money from a VC that thinks along those lines, unless they didn’t get a seat on the board of course. :)adam

]]> By: Ian Snipper http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26239 Ian Snipper Tue, 02 Oct 2007 09:50:18 +0000 http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26239 Thanks Joe. Very useful. Anyone mention how you stay in business while you spend huge amounts of your time working on the funding deal? Thanks Joe. Very useful. Anyone mention how you stay in business while you spend huge amounts of your time working on the funding deal?

]]> By: Damien Mulley » Blog Archive » Fluffy links - Monday October 1st 2007 http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26237 Damien Mulley » Blog Archive » Fluffy links - Monday October 1st 2007 Mon, 01 Oct 2007 04:44:42 +0000 http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26237 [...] Joe took comprehensive notes (as usual ) at the latest training session from the Irish Venture Capital Association on how to raise VC money. Well worth a read. [...] [...] Joe took comprehensive notes (as usual ) at the latest training session from the Irish Venture Capital Association on how to raise VC money. Well worth a read. [...]

]]> By: Conor O'Neill http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26233 Conor O'Neill Sun, 30 Sep 2007 13:22:26 +0000 http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26233 They do realise how utterly ridiculous it is to charge people to tell them how to raise money from their members? I figured the opening line would be "we don't give VC funding to anyone who has more money than sense and paid us to attend this" They do realise how utterly ridiculous it is to charge people to tell them how to raise money from their members? I figured the opening line would be "we don’t give VC funding to anyone who has more money than sense and paid us to attend this"

]]> By: Joe http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26227 Joe Fri, 28 Sep 2007 19:01:53 +0000 http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26227 No, but If I told you who paid I'd have to kill you :-) No, but If I told you who paid I’d have to kill you :-)

]]> By: Conor O'Neill http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26226 Conor O'Neill Fri, 28 Sep 2007 16:55:16 +0000 http://joedrumgoole.com/blog/2007/09/28/how-to-raise-venture-capital/#comment-26226 Sounds like a good day but please tell me you didn't pay to attend!   Sounds like a good day but please tell me you didn’t pay to attend!  

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