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The Underlying Assumptions of a Financial Plan.
From Pieter Welten - Prime Ventures (@WeltenPie) As a venture capitalist (and in this case a typical growth investor) you review hundreds of business plans a year. Often we find at the end of the business plan a financial section, including financial projections. Part of my responsibility is to assess these projections. Why do we assess financial...
Why a Good Deck is Indicative for being a Good Entrepreneur.
From Jan Andriessen - henQ (@JanAndrssn) I am quite sure that one of the greatest pains of all VCs is that they are spending so much time on reading ‘poor’ investor decks, essentially wasting a bunch of time that is the cost of ineffective information sharing. The quality of an investor deck is not correlated to the sexiness of the pictures and...
The Importance of a Good Business Case.
From Jan Andriessen - henQ (@JanAndrssn) When I talk to start-ups that might be eligible to receive henQ funding, a lot of founders seem to find my focus on their business case annoying. When I ask them about their view on the market size for example, or on sustainable competitive advantage, their eyes roll and they seem to be thinking: “this guy...
Lean VC Investing. Why is this aligned with the entrepreneurs interest?
From Mathijs de Wit - Newion Investments (@mathijsdewit) One of the things VCs are confronted with a lot are entrepreneurs with overly optimistic expectations of their growth. Resulting in non-optimised relatively large investments in building an organisation and hiring people. While most of these companies have proof of their product, may have...
Price, Value & Unicorns
From Pieter Welten - Prime Ventures (@WeltenPie) A couple of weeks ago I was approached by an entrepreneur during a tech conference. He introduced me to his start-up and co-founder. He told me that they were seeking to raise up to €2.5 million at a €10 million valuation. The company generated a few hundred euros per week and had 3 FTEs. I...