«
»

What VCs want?

October 29th, 2006

Guy KawasakiGuy Kawasaki is a fun and interesting guy, and I enjoyed the recent interview with him on the excellent Venture Voice podcast. Excerpt:

Gregory:

When you see a company, what do you look for? Is it the entrepreneur, the market analysis?

Guy:

Well, this is the question that every VC gets asked and every VC answers consistently by saying, “We’re looking for a proven team, with proven technology, and with a proven business model”.

And that’s a load of crap.

Because, frankly, if you look at the huge successes, I would say for those three parameters, usually the huge successes are zero-for-three. Maybe one-for-three.

And I would say that about Apple, I would say that about Google, about Cisco, and Yahoo. They were not three-for-three there.

So I could more easily build a case that you should look for an unproven team with unproven technology in an unproven market, cause that’s the billion dollar deal!

Enjoyed this post? Why not sign up to receive Status-Q in your inbox?

Possibly-related posts:

Got Something To Say:

Your email address will not be published. Required fields are marked *

To create code blocks or other preformatted text, indent by four spaces:

    This will be displayed in a monospaced font. The first four 
    spaces will be stripped off, but all other whitespace
    will be preserved.
    
    Markdown is turned off in code blocks:
     [This is not a link](http://example.com)

To create not a block, but an inline code span, use backticks: 

Here is some inline `code`.

For more help see http://daringfireball.net/projects/markdown/syntax

*

«
»

Feeds

RSS  RSS feed

Recent Comments

Categories

October 2006
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

© Copyright Quentin Stafford-Fraser