How to raise money from VCs?
This funny video was posted on 5min (covered here before), Techcrunch and will probably be on every Israeli VC blog very soon.
It's a parody in Hebrew that provides entrepreneurs tips on raising VC money. I'm afraid that the subtitles don't do the humor much justice, but it's certainly worth your 5 minutes.
Some amusing tips:
- In the presentation, have a logo of a different fund. VCs love to invest in companies that others are invested in.
- Be Cool - VCs are serious, but you should be part of the vibe. You are the vibe - the vibe is you.
- Say you are not a Web2.0 company - go against the current trend and use buzz words fast: UGC, P2P, CPC, and anything you can come up with. Try not to be comprehended.
- Make Excel your best friend. Refer to revenue as the fulfillment of a vision, not profits.
- Have clear goals - for example, repeat the mantra "8 million, on 68 million before the money".
Labels: 5min, Israel, raising money, techcrunch, VC
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