How do Venture Funds select their projects? Welp, here are some tips. We’re ain’t come here to mess with the public — we’re after the Naughty.
PROJECT’S UNDERWEAR
Unkempt clothes are a no-go. Project docs should be kept on a cloud drive with clearly readable names.
Soldered underwear. Prepare an MVP, and test if it works on other devices too.
Pretty colors. Do a Google Presentation on the project by yourself. Keep it under 10 slides.
That’s 3 basic steps toward investment, now, 3 more.
PROJECT’S LOOK
Pick up a look. If the idea is raw, then boil it down to basics. Try to explain it in 10 words and in under 10 seconds.
Think of accessories. Get a turnover strategy with numbers. Here are some tips: fees, commissions, advertisement, and co-ops with other projects.
Express style. Projects should address existing market needs. Find a relatable one, add it to the presentation, and explain how your project covers it.
Now, we should be ready for a date with a venture fund… But not so fast!
PROJECT’S BULGE
How about a bouquet? Store your code on a non-public GitHub account. And consider third-party cloud providers during a build.
Use protection. Try to build the product with blockchain-based cloud services or smart-contract execution in mind.
Be yourself. Having a proper presentation and a working MVP is what a venture find date can’t do without.
Go for it, champ!