I Want To Read About ? How to get a venture capital for a internet ...

Question by harish: How to get a venture capital for a internet business?
I have a good idea about a online business. I have expertise and have good knowledge in this field. I don?t have required funds to start this off. How should I start and get a venture capital for my idea.

Best answer:

Answer by In Science we trust
An attorney or business associate can be a good place to get a VC referral. You also can network among business executives in the field of your business. One thing not to do is presenting to just any VC. You want one that is interested in your particular type of business. Networking with executives that have received funding or pitched to a particular VC is the best way to gather insight. VC?s websites can be helpful at indicating their investment focus (and can show you if they already invested in a competitive venture) but they are often very broad when in reality they favor certain sectors that change over time with the business climate. The National Venture Capital Association (nvca.org) has a lot of information including a listing of members. Also, Entrepreneur magazine published a top 100 VC list: http://www.entrepreneur.com/vc100

The most important thing to getting funding is to be able to ?hook? them with your opportunity and you as the entrepreneur to capitalize on it. They are looking for BIG business opportunities that create new markets and/or use new business models/products/technologies to substantially expand existing large markets.

It?s also important to understand that VCs primarily invest in great management teams, exceptional technologists or marketing experts. So, if you don?t have the background, I strongly recommend you get it before pitching your idea. Generally, you need to have either several years of senior corporate experience in the right area for your venture or be a technical expert in the field of your products/business model.

If you?ve got the goods, research the vc firms to find those that invest in your product/business area. Then, network to get a referral if possible. It is much better to get a referral than mailing a plan in. VCs get hundreds of busines plans & pitches and it is very hard to standout if you mail it in.

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