| Many firms dream of the day that a venture capital | | | | intellectual property, a large market size, |
| financing occurs. This is the day when they are | | | | management team members with expertise and |
| handed a check for millions of dollars and told to go | | | | experience, and a current valuation that allows for a |
| fulfill their entrepreneurial dreams. Unfortunately, for | | | | good return on investment. |
| most this remains a dream. But this doesn't | | | | A final challenge in securing a venture capital financing |
| necessarily have to be the case. Securing a venture | | | | is identifying the right venture capital firm. Venture |
| capital financing can be a reality under the right | | | | capital firms typically have preferences that revolve |
| conditions. | | | | around their location, sector preferences, stage |
| Perhaps the most important condition is that the firm | | | | preferences, partner backgrounds, other portfolio |
| develops a winning business plan. The business plan is | | | | companies, and total assets held by the firm. |
| the initial piece of information that venture capitalists | | | | Ventures seeking capital should make sure to find |
| review, and if it doesn't compel them to take action, | | | | venture capitalists whose preferences match what |
| the journey towards venture capital financing ends | | | | they have to offer. |
| abruptly. | | | | Raising venture capital is challenging, but fortunately, |
| Assuming that the business plan is flawless, what else | | | | the results can far outweigh the hardship of |
| is required of the management team seeking venture | | | | overcoming the challenge. For firms that properly plan |
| financing? The answer varies from firm to firm, but | | | | for and methodically approach venture capital |
| most venture capital firms want to see proprietary | | | | financing, results are often within their reach. |