What questions should I be prepared to answer when taking a call from a VC?

They will likely want to know:

1) who are you? how did you get to where you are? 2) what are you building and why? (what made you decide to do this?) 3) what problem is it solving? 4) who has that problem? 5) is it a big problem? 6) who else is solving that problem?

Those will be the key things. The answers to those questions will lead to all sorts of other tangents and they will all be different depending upon the VC with whom you are talking.

Founders who are talking

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What questions should I be prepared to answer when I'm meeting with a potential investor for the first time?

Answered by Tony Conrad – Founder of about.me, partner at True Ventures.

your background, why you have specific insight into a space and what unfair advantage you have in winning. (more)

What kind of questions should I be prepared to answer when meeting with a potential investor?

Answered by Michael Garrity – Founder, CommunityLend Posted in Money

Who are you? What problem are you trying to solve? How big is that problem? Who is is trying to solve it? Why are you better? How much dough will you need? Who's thinking... (more)

I've had a few calls from VCs who are interested in learning about my business. Before I call them back what should I be prepared to answer?

Answered by Daniel klass – Partner at Klass Capital VC fund.

be honest. vcs take good notes and like to follow your progress (i.e. dont make yourself look bigger than you are and then have to backtrack when you are out there raising ... (more)

I'm working on a business idea in which the main market is voters sick and tired of politicians and their unwanted phone spam (robocalls). What advice do you have for me a...

Answered by Michael Garrity – Founder, CommunityLend

Hmmm .... that's a good one. I think generally speaking - any idea which will be compelling to enough people that they would be willing to pay for it, at scale, will be po... (more)

I'm pre-launch and need to raise investment (mobile app) -- what should I be prepared to do in any meetings with potential investors? Should I show them wireframes / mockups?

Answered by Mark Ruddock – Founder, INEA Posted in Money

Very early stage Friends/Family/Angels may be Ok with wireframes/mockups and a really great succinct story/deck about the business and why it's compelling (i.e. the BUSINES... (more)

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