Entrepreneurs And VCs: Evolving A Partnership

Sameer,
trusting a VC is hard.In silicon Valley as well secrets are frequently traded. Read the book The Google story by David Vise. Throws somelight on VC problems.
Sanajy Doshi

Sir, I have completed my B.E in computer science few days ago and have a very great idea of a business and I'm very optimistic in terms of the success of that business very rapidly.
But the problem is the capital required for that and I want a VC to fund this project and in this regard, i have some questions following below:
1. How can i trust a VC that after seeing my business plan, he won't invest in that project on his own and reject my proposal because for him, I have nothing but a great idea and great enthusiam to be successful in that.

2. I have seen many articles saying about the contents of the good business plan but no one has the detailed description of the contents of the business plan. So, how can I get the detailed list of the contents of a business plan.

3. How to find which VC would be my true business partner and on which parameters I should choose them. Can you provide me some references of VCs interested in investing initially 1-2 crore in a business in IT field.

4. Since I am not from a business family and havn't done MBA, Would it be better to enter in business field right now or to first do MBA and then get some experience in any company and then start my own company. I don't want to wait for 5-6 years because I have threat in my mind that if someone would start that kind of business before me, then I will loose the competitive edge i would get otherwise.

Dear Mr.Raja Kumar
Very informative and provided great clarity on VC-Entrepreneur relationship. But the problems are very more deep-rooted, we Indians right from our birth are told what we are capable of doing and what we should do and so on and so forth.We are entrepreneurs at heart but fail to translate that on ground. I feel we need to have a more evolved ecosystem to make more success stories!

Thanks Mr Raja Kumar for your column is very informative & helping.

Thanks raja for giving most honest of opinion on entrepreneurs experience and relationships in Indian context. We have always heard that oh! India does not have enough home grown high tech companies because end user market is not here, funding is not here and many such reason, but may be one of most important factor may be dearth of hard core entrepreneurs in India. We get to interact with lots of Indian entrepreneurs in both US and India. One difference which really stands out is concern of India based entrepreneur that oh! how much VC will take, how much control he will have. You almost never ever hear that concern from U.S. based Indian entrepreneurs. Its something for Indian entreprenuers to think about ??