| You have a great business idea and have | | | | be running them. Remember, the goal of the VC is to |
| implemented it. You want to go to the next level, | | | | make money. To do that, they need the company to |
| but don't have the capital to do it. The traditional | | | | develop and go public quickly. Anything that gets in |
| answer is to seek venture capital funding. If a VC | | | | the way of that is going to be a problem. |
| fund likes your business idea, you may be able to | | | | This attitude can be a real problem for some |
| bring in the large amounts of money you need to | | | | business owners to accept. Let's be very clear. When |
| become the next Google. Before you take that step, | | | | it comes to venture capital funding, you must make |
| however, it is vital you understand how the | | | | a philosophical choice. If you view the company as a |
| relationship with the venture capitalist will work. | | | | way to make a lot of money in a fairly short time, |
| The goal of every venture capitalist is simple - to | | | | then venture capital is definitely something to |
| make a very big return on their investment in a | | | | entertain. If you view the company as more of a |
| company. Everything else flows from this simple | | | | long term project or "my company" or a vision of |
| motivation. When you think about bringing in funding | | | | your dream, then conflict is going to happen when |
| and have questions about how things will happen, | | | | the venture capitalists questions anything that doesn't |
| just think of this when forming answers. | | | | constitute progress in getting the company to the |
| How will things change when you take on venture | | | | market as quickly as is reasonably possible. |
| capital funding? Well, every VC is different. That | | | | Many business owners seek venture capital funding |
| being said, there is going to be another voice in the | | | | for the simple reason that they believe it is what |
| room. When a VC pumps in untold millions into a | | | | they are supposed to do. If you don't have the right |
| company, they are going to voice their opinion about | | | | mindset for the expectations of the funders, such a |
| how things should be run and, perhaps, who should | | | | move can lead to real disaster down the road. |