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Why is it easy for entrepreneurial teams to find venture capital?
They didn't lie when they said this sentence. However, they never talked about it. In fact, they eliminated a company because of the entrepreneurial team. The golden rule of many venture capitalists when choosing entrepreneurial projects-basically look at the entrepreneurial team. Every time after watching a team's project demonstration, they will spend some time discussing it immediately. Most of the discussions are about teams, and then we will discuss products and markets. But in fact, all they discussed was whether we liked the founder or not, and whether he was fidgeting when answering questions. See if he is particularly vague when discussing specific topics? See if he is a little tired during the whole financing process? Then, the venture capitalists decided not to invest money in this team, and the next step was to tell these founders that they were eliminated. At this time, there will be a dilemma: if a company is eliminated because of team problems, how will venture capitalists mention this to the founders? Venture capitalists don't want to invest money in them because the problem lies with them or their co-founders. Sometimes venture capitalists will lie directly and say it's because your whole growth momentum is not enough. Then, the following will happen: 1) If the problem lies with the CEO/ founder, many people know that many people now see people like Zuckerberg, and then they begin to feel that they can start a business at any age without experience. At the same time, there is another situation. Some people are over 500 years old and want to start a startup company based on mobile, localization and socialization. However, they can't launch compelling social products. If these people face a large market, the company has a certain growth momentum, and the prospect of the whole product has some hope, but at the same time, everyone feels that the founder is unable to lead the company from the beta stage to the next stage, or lacks leadership, or does not have the ability to recruit outstanding talents, then the whole problem will become more difficult and complicated. At this time, venture capitalists will adopt different strategies: "It is not difficult for you to let venture capitalists invest in you. Because you have no successful cases before, and (give an irrelevant reason). " This is just a warning. "I think you should learn some experience in a startup or incubator before you go it alone." "I think the entire senior management team lacks the most basic financing skills. You should upgrade the entire financing team first." In fact, these words sometimes become sour and even antagonistic. Therefore, most venture capitalists have stopped doing this because it is not worth it. In other cases, the whole conversation will become extremely ugly, which will also end the possibility of venture capital establishing long-term relationships with these founders. 3) when 3)VC lies. Or it can be said that they may not want to lie, so they choose not to respond. So, if you are showing a project to a venture capitalist and it turns out to be rejected, but all the answers you get are meaningless to you-then the real problem is probably the team. "We just want to see your stronger growth momentum." This reason can be said to be a very safe answer for venture capitalists, because no one can refute it. So, in the end, there was such an embarrassment. On the one hand, venture capitalists don't want to lie, on the other hand, the backup plan is not so good. So, the question is, is there a solution? Director Sun of Netway 360 Network Marketing Training Center thinks that there is still a solution, but we just need to implement it according to the following points: more and more direct feedback. "Do you have any other feedback about me personally?" More two-way feedback. Venture capitalists should also get feedback from entrepreneurs. If you want to promote this project to me or you know me, please give me some feedback! Look at yourself. Self-defense is easy, but try not to do it. Only by grasping every conversation with venture capitalists on the basis of self-awareness can venture capitalists "go crazy".
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