Matt McCall – my fellow board member / investor at FeedBurner – has a helpful post up titled Bootcamp: Show Me the Money. Matt does a nice job of describing the “Yes, But” type of startup, how VCs typically react, and offers some suggestions.
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In terms of raising venture capital and how VCs might react, I know CBC is doing “Dragon’s Den” (A show where entrepreneurs pitch their ideas to VCs). I think the show airs in October; I was just thinking that his might be a good source of insight into the inner workings of the VC funding process?
And maybe even more so since one of the insiders (a “mentor capital” who works with the show and the VCs) is keeping his own personal blog!? (http://www.seanwise.com/)
Well, I’m sure there will be a lot unsaid, but maybe it will provide a few insights?