Creators. Dreamers. Doers. Renegades. Risk-taking freedom-fighters. We want to hear about your burning desire to solve customer problems and make the world a better place. That’s much more fun than hearing about how you plan to flip the business quickly and make big bucks. Passion leads, money follows. If you are on fire with passion, have a whatever-it-takes commitment, and don’t mind laughing at yourself, we’re ready to help you launch your dream.
We can’t wait to hear how you plan to change the world, slay dragons, and get the girl (or guy). Here are some suggestions to help you put your idea in the best light:
Please give us a week or so to review yours before expecting feedback.
Check out our DVP 11 core philosophies to ensure we are a good fit.
Check them out HERE. It will give you a lot of insight as to what we value and what makes our skin crawl.
We invest in social media, mobile apps, software, cloud computing, e-commerce, digital advertising & media, marketing technology, and general internet businesses. Your biotech or advanced manufacturing idea may be groundbreaking, but that’s not our focus. We’d just screw it up if we got involved.
In fact, no serious VC does. If you want more info on this, just google “why VC’s don’t sign NDAs”. The good news is that we love entrepreneurs and would NEVER steal someone’s idea. In fact, we are looking for talented entrepreneurs who can execute. So don’t bother asking, since we have to say no and it makes you look silly.
Clearly written description of the business. Make sure to include: - What it is - Who it serves - The need it solves - Who are the competitors? Who is doing something similar now and how are you different? - What are the three biggest challenges / obstacles to the business? - Any info you can share about the specific industry you are targeting (market size, growth trends, etc)
- Brief bios on you and your key team members - Anything you want to share on why you are the right team and/or what other slots you need to fill
- Financial model - Quarterly revenue and expenses for 24 months - Startup costs and timing - Unit economics - Cash-flow forecast through breakeven - Overall capital needs - How much you are hoping to raise now, and at what valuation - How much you have raised to date and from whom