Venture Capital and general funding discussion

4 November 2007

LIVE on the website… our speaker, Clete Walker, is talking about funding the startups.

Comments:

  • It is important to consider the ‘exit’ before thinking about where the funding should come from for the new ventures.
  • 66% of companies seeking money are in the startup phase.  The companies participating in the weekend are in ‘launch’ phase, preceding the true startup phase.
  • Experience of management is really important to angel investors… has the founder “been there, done that”.
  • Customers are key… who will buy the product?  Is this something that someone will PAY for?
  • IS there a problem that you are solving, not just a better mousetrap?
  • Does the team have passion and tenacity?  Will it take criticism to make changes?
  • How BIG is the opportunity?

Clete Walker, Venture Capitalist

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