Does your idea meet these tests?

Sequoia Capital has listed out what they expect from Startups seeking venture funding. This is a nice list to view your Startup/idea from VCs perspective. I particularly liked these ones:

Clarity

One test we often apply to a new business is the ease with which it can be explained. If someone is able to summarize his company’s plan on the back of a business card, it usually means that he will be able to describe its purpose to employees, customers and shareholders. It suggests they truly understand their business.

DNA

Successful entrepreneurs possess the following attributes: Most come from modest backgrounds. Many are immigrants or first generation Americans. All know the value of money and understand the difference between need and want. more

Inferno

After the financing binge of the last few years, it’s easy to forget that some of the best technology companies started with little money. You don’t need 25 gallons of kerosene to start an inferno. If you are addressing a huge market with customers yearning for your product and you have great engineers, it requires very little firepower.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s