Hacker News new | ask | show | jobs
by wtvanhest 5306 days ago
I worked for an Angel Investment Group for 2 years and went to VCIC internationals. I have never raised money myself at the VC level

The 3 things you absolutely need to do at a minimum are: 1) State the problem you are solving 2) State how you are going to solve it (If there are 2 sides of the market, say "I know there are two sides of this market, here is how we solve group A's problem, here is how we solve group B's problem, all by allowing them to interact in the following way) 3) Be very specific about the amount you are asking and have estimates on what things will cost. Be sure that the amount you are asking for is enough to execute. (dshankar sounds like he knows what he is talking about also).

* If it were me, I would spend the time getting comparable transactions that are close to your imagined exit so you can show how big your market really is (but I don't know if this is actually valid advice)