12 Things You Didn't Know About Venture Investors

Guy Kawasaki, director of investment company Garage Technology Ventures, after an interview with major IT investors Mike Moritz from Sequoia Capital and Paul Graham from YCombinator outlined in my opinion an interesting 12 rules for entrepreneurs seeking investments in these companies.

1. The entrepreneur should not strive to prove everything. To impress an investor, it is enough to do real things, be creative, enterprising, be decisive and smart.


2. The entrepreneur does not need to present only proven truths. When something is proven, it is usually already uninteresting.
')
3. An entrepreneur should not only do his job well, he should also enjoy it. The main question: “What did you create outside of school or work?”

4. An entrepreneur must prove to his investors that his project is the most important in his life.

5. Sequoia loves outsiders. That is why the firm finances many companies in China, India and Israel. And, as it turned out, these foreign companies provide the main income and innovation.

6. It's okay if the entrepreneur does not yet know how to make money. Most importantly, he had a good product.

7. The best financial forecasts are given to the project to which the creators are really not indifferent. If so, then the money will be.

8. Venture capitalists perfectly see falsehood in people. The entrepreneur will not be able to fool them with fake sincerity or enthusiasm.

9. Save the investor from talking about "passionate desire" and things like that. An entrepreneur should not say that he is eager for something, he must show it.

10. The smarter the investor, the more frank the entrepreneur should be.

11. The entrepreneur should not surprise the investor, just enough to be sincere.

12. In the modern world the project should be self-sufficient. Therefore, you should not completely rely on receiving external money.

Original article on openforum.com