7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
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Re: 7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
#2"2. If your equity/salary was based completely on the accuracy of your projections, what would your forecast be?"
Is it even relevant that the entrepreneur be able to make accurate predictions? Shouldn't you just focus on making stuff people want? And isn't speculating on how the size of company X the VC's job anyway? I bet Larry and Sergey didn't see Google getting THAT big on day 1.
Re: 7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
#3Great list of contrarian questions everyone should ask themselves!
Re: 7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
#4"2. If your equity/salary was based completely on the accuracy of your projections, what would your forecast be?" Is it even relevant that the entrepreneur be able to make accurate predictions? Shouldn't you just focus on making stuff people want? And isn't speculating on how the size of company X the VC's job anyway? I bet Larry and Sergey didn't see Google getting THAT big on day 1.
It's less about the actual forecast and more about the way someone thinks about the business. If someone adamantly believes they're going to be a billion dollar company in a couple of years, that would be a signal. Either it's a really, really big idea and they're super-ambitious -- or, they're being unrealistic.
Re: 7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
#5I like to ask where the founders grew up - I actually like to know alot about people's backgrounds as kids
Re: 7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
#6What will you do to find and retain the best people possible for the company?
What has worked for your company? What did you do to retain the best possible people?
Re: 7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
#7The questions feel like tricks to get the entrepreneur to reveal negative information about himself or his company that he wouldn't otherwise reveal. If I were an entrepreneur sitting through a round of questions like these, I would be a bit offended. I suppose for a fledgling entrepreneur who actually may not have thought everything through, these may be appropriate. For everybody else, I'd skip them.
Re: 7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
#8The questions feel like tricks to get the entrepreneur to reveal negative information about himself or his company that he wouldn't otherwise reveal. If I were an entrepreneur sitting through a round of questions like these, I would be a bit offended. I suppose for a fledgling entrepreneur who actually may not have thought everything through, these may be appropriate. For everybody else, I'd skip them.
"What is the longest debate the team has had in the last 30 days?"
Whether or not to answer your next 6 questions.
Re: 7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
#9The questions feel like tricks to get the entrepreneur to reveal negative information about himself or his company that he wouldn't otherwise reveal. If I were an entrepreneur sitting through a round of questions like these, I would be a bit offended. I suppose for a fledgling entrepreneur who actually may not have thought everything through, these may be appropriate. For everybody else, I'd skip them.
"What is the longest debate the team has had in the last 30 days?" Whether or not to answer your next 6 questions.
Ha! That made me laugh!
Re: 7 Uncommon Questions I'd Ask A Startup If I Were A Venture Capitalist
#10"2. If your equity/salary was based completely on the accuracy of your projections, what would your forecast be?" Is it even relevant that the entrepreneur be able to make accurate predictions? Shouldn't you just focus on making stuff people want? And isn't speculating on how the size of company X the VC's job anyway? I bet Larry and Sergey didn't see Google getting THAT big on day 1.
That's a really easy question. I'd forecast zero revenue, do nothing, and make out like a bandit with my perfect forecast.