What are the key criteria that venture capitalists look for in startups?
Venture capitalists typically look for a strong team, a scalable business model, market potential, and competitive advantage.
How important is the founding team in the investment decision?
The founding team is crucial; VCs often invest in people as much as in ideas. A strong team can pivot and adapt.
What role does market size play in their decision?
Market size is vital; VCs prefer startups targeting large, growing markets to ensure potential for significant returns.
Can you explain what a competitive advantage means?
A competitive advantage refers to unique attributes or resources that allow a startup to outperform its competitors.
What are some common mistakes startups make when seeking VC funding?
Common mistakes include lack of market research, unclear value propositions, and overestimating revenue projections.
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