Innovative Ideas dont come to groups. Its always an individual effort due to the persons experience in that field or by observation of the environment. He then sells the idea to others.
A person having a fantastic idea but lacking strong Management team is at a disadvantage due to the exisitng mindset of VCs. Where does a young enterpreneur go to find a successful management team.
Why not VC's recognize the potential of the idea and bring in Management / strategy expertise and fund start ups.
All projects take off with limited resources and gradually build on.
Venture Capitalists evaluation and funding of a project is not an organized step by step process.
They have Vague parameters so Its just Luck that determines whether you get funding or not..
thx to rediff, shobha and the inimitable Mr. Raju for guiding the wannabe enterpreneurs... i think this should not be the end but a start of series of articles...i need more info on what should be the critical contents of the business plan, how are the voting rights and profits are decided betn the VC and the enterpreneur...etc...keep it going guys..
I liked the perspective. But i'd really like to know why you think it isnt a great idea to begin alone. i have started an organisation about 10 months ago and am doing it all on my own. I agree with your view that its tough to get reliable and good talent so it makes sense to start with a few buddies. But is that the only reason or there are any more pointers that you have for not starting all alone. Would really appreciate your views. We are into the CAD CAM Software sales business, not into services of any kind yet, but once we build infrastructure, maybe yes. looking forward to more interaction. Cheers about all you wrote. Thanks.
