And when it comes to what VCs look at if they want to invest into the startups, “the revenue is the first and most important thing about your startup that can attract a VC,” Vijay Kumar said. He also added that even if the startup currently has no revenue, its uniqueness in the market or its possibility to create good revenue in the future can help too.

On how to approach a VC, Naveen told that, “The best way will be through a strong reference,” and also added that “VCs are unbiased, and an approach through LinkedIn or other source  can help too since the investors don’t want to miss on good opportunities.”

And finally, if I distill the things out of the VC discussions, a startup should also mention a good portfolio about their products, and there should not be any infringements from other products that could lead to a legal notice, and if a startup has got some initial funding from family, friends and folks, they should maintain a good records of financial transactions. And getting a lawyer and an auditor with you for a meeting with VCs for the investments can be a breather for easy go on with your entrepreneurial ventures, according to Naveen.

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