8/26/2004

Cashing that VC Check

This post from Steven Bayle outlines the steps involved in obtaining that elusive check from the venture capitalist. He divides his list into phases:

Phase 1 - getting the first meeting
Phase 2 - winning over the partner
Phase 3 - the partners' meeting
Phase 4 - due diligence
Phase 5 - the term sheet
Phase 6 - the closing