Who Gets Funded Today?
Are You That Great Entrepreneur?
Venture Capital Equity Investment
With the current odds of having a project funded about 1 in 10,000, the question of who gets the Venture Capital Equity Investment funding has to be one of the most critical for any entrepreneur.
And What Is An Entrepreneur?
A dictionary comes in handy here: "A person who organizes, operates, and assumes the risk for a business venture."
Here's another: " A risk-taker who has the skills and initiative to establish a business."
Note that one word: RISK.
Virtually any new business...or expanding an old one...entails risk. What's the biggest risk? Failure, of course. And if you're not at least aware of that possibility, you're not a "safe" entrepreneur, not to an investor, at any rate. It means you're a loose cannon, someone who may jump the harness and invest their monies in things which have not been thought out, not organized.
So one of the key items in a great entrepreneur - whom every investor always hopes to find - is risking with foresight. You've got to organize what you're risking, laying out the groundwork so that those under you can get the job done because you've made it understandable to them. They know what's expected and it makes sense to them.
Assuming the Risk
And what does that mean? It means taking the responsibility, the full responsibility, for the risk, for the business, for the investors' money. That takes guts. That takes courage. That takes the willingness to go through the fire, if necessary, to get the job done. That's what it takes to be not just an entrepreneur, but a great entrepreneur.
A Great Entrepreneur
And what is a great entrepreneur? Simple. He's the guy who gets funded today, the guy that all sane and intelligent investors search for all the time. He's the one who excites an investor during a presentation of a project. He's the guy who gets his employees jived over getting the job done. He's the guy who makes his mark - and his millions - assuming the risks and making the project happen.
As I was told by the investment trust with which we work: "A great project, handled by a lousy entrepreneur, will lose money every time. A good project, with a good entrepreneur will make us money. A great project, with a great entrepreneur, will make us a fortune. That's the combination we're seeking to fund."
Are you that great entrepreneur?
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