Venture Capital – An Entrepreneur’s View - New Venture Creation

Nice overview on role of venture capital in the process of new venture creation.   Lessons for an entrepreneur by Tom Evslin.  Well said Tom.

Lesson #1: there are times when raising venture capital is a bad idea.

Lesson # 2: there are times when it makes sense to raise venture capital.

Lesson #3:  raise your venture funding as late as possible.

Lesson #4: pick your VCs well.

Lesson #5: ask VCs about their firm’s “exit strategy”.

Lesson #6:  look for VCs who can and do distribute.

Lesson #7: check VC references.

Lesson #8:  Choose VCs you’d trust with your own money

Lesson #9: use your VCs relentlessly.

Lesson #10:  push to speak to the Limited Partners

Detail of the lessons in two posts:  Post 1 and Post 2