6. Get ready for the boss level

This is the stage that decides the future of the organization because it has a very high death rate. The original founders come up with the idea of starting the venture which has to be approved by the other partners as well. An entrepreneur should always keep in mind that though it is a tough phase the partners or at least one must genuinely be interested in this business proposition due to which they are present at the venue. The first thing that the founder needs to concentrate on is to talk to the person who is showing interest in the business proposition well in advance to get a view of who’ll be in the team gathering, especially the key decision-makers. This in a way will help an entrepreneur to get an overview of the tough questions that they are going to bombard on him when the meeting commences. Crosscheck every detail prior to the commencement of the meeting and it would prove handy to talk to individuals or organizations that have been previously funded. 

7. Don’t play the game – play the player

The entrepreneur should focus on not playing the game but rather on playing with the players which means anyone in the world can talk to millions of VCs but the point is that it is difficult to get one “yes” from them. The point is that the “no’s” keep adding to the tally and finally comes to a stage where no VC is ready to invest in the business. Therefore it is very crucial to target the right set of VCs so that the chances of getting a yes is much higher and one should also target businesses who have done prior dealings with the organisation but are on the league to partner in a dream project.