barry_night-person_stevens@cup.portal.com (10/17/87)
(hopefully I'll learn how to write larger files -- sorry)
It may help to realize that you're fighting significant odds. In researching
a book I just completed (How to Write A Successful Business Plan, AMACOM)
we surveyed 900 venture capital firm and compiled some statistics.
only 1 in 2,500 plans that arrive "over the transom" at a VC firm
are ever funded.
if plans arrive through a trusted associate, 1 in 50 of those plans
are funded.
Getting funded then becomes a process: put together a top-quality, unique
product idea; get a quality, experienced management and professional
team together; PROVE THAT YOUR PRODUCT WILL SELL, preferably by actual
sales; put a set of thorough financial projections for revenue and