Startup

Are you dreaming of becoming the next Mark Zuckerberg, Elon Musk or Mark Cuban? Is there a business idea in your head so great that you’re practically bursting to share with the world before you spend the next thirty years lying on your yacht, petting your Lemur “Ben Franklin” and laughing maniacally to yourself? Well, dreams are built on process and hard work, so let’s take a quick look at some of the things you have to consider before you even think of raising that colossal round of venture capital…

1 – Tell A Story

Your idea may reside beautifully in your head, but expressing it concisely is the very first thing you have to get right, from an elevator pitch that trips off your tongue like Bond ordering a Vodka Martini, to an investment deck no bigger than 15 pages, to your 30 minute pitch that finishes with a room of VCs astounded by your vision, humility and delivery.

2 – Cover Your Bases

It doesn’t matter how great your idea is if there’s one stumbling block that everyone keeps bringing up. Your helicopter ejector seat invention may well have the pounds-per-square-inch propulsion system that’s never been seen before, but if you don’t have a way to remove the rotor blades, your business is not the only thing that’s going to get a haircut.

3 – Keep It Lean and Mean

VCs love sweat-equity, hard work and especially ping pong tables. If you’ve got five guys huddled around one with their MacBooks in your garage, it’s going to look like you