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Common Myths About Venture Capital Financing
By siliconindia
Be Able To Choose The Right VC
Entrepreneurs should not keep looking for the ‘right VC’ during the first round of financing, as stringent VC-selection criteria, would put him into troubled waters. Though the entrepreneur should be selective about the VC, as apart from the funds, the VC would also mentor the startup, but waiting unless the entrepreneur has prior experience, he can’t be too choosy. It is ultimately the VC who delivers the term sheet who is the right VC, and once the company has achieved a particular position it can be more selective about the VC.
