What VCs Look for in Startups?
VCs look for a competitive advantage in the market. They want their portfolio companies to be able to generate sales and profits before competitors enter the market and reduce profitability. The fewer direct competitors operating in the space, the better.
How do I VC a Startup?
How to Get Venture Capital: 16 Things Startups Must Do Beforehand
Decide on Your Goals.
- Set up as a Delaware C Corporation.
- Patent your Intellectual Property.
- Consider First Raising Money from Crowdfunding, Angel Investors, or Friends and Family.
- Know How Venture Capital Firms Make Money.
- Be at the Right Stage.