TLDR:
- Entrepreneurs should challenge VCs on technology trends to assert power.
- VC success is based on relationships, not technical knowledge.
In a Forbes article, Steve Andriole provides tips on navigating the world of start-up funding. He suggests that entrepreneurs challenge VCs on technology trends to assert their power. Andriole highlights that VC success is more about relationships than technical knowledge. He emphasizes the importance of speaking both venture-speak and tech-speak when engaging with VCs. Additionally, Andriole points out the financial incentives behind VC investments and advises entrepreneurs to seek funding from a position of strength. He also stresses the importance of conducting thorough due diligence on VCs before entering into any partnerships. Ultimately, the article serves as a guide for entrepreneurs seeking start-up funding, offering insights on how to navigate the complex world of venture capital.
