barry_night-person_stevens@cup.portal.com (10/17/87)
Also, venture capital firms are cautious about startups. Most prefer to let someone else take the big risks. A few firms, such as Crosspoint and The Sprout Group, will deal with seed. To get funding from a professional source, you need more than a top drawer product idea. You need a quality management team, or the knowledge that one needs to be built; you need a good marketing study, PROVING that a demand for your product exists, and sizing that demand. These, at a minimum. If you also have a good handle on how your venture will work operationally, you are just that much better off. Most of all, you'll need a good estimate of what needs to be done to get your idea into production, and how much it will cost. You also need a top-quality professional technical team to do it with.