By far the biggest influence on investors’ opinions of a startup is the opinion of other investors. There are very, very few who simply decide for themselves. Any startup founder can tell you the most common question they hear from investors is not about the founders or the product, but “who else is investing?”
Another great essay by Paul Graham. Absolute reading recommendation.
Sidenote: For German readers, there is also an interesting article at Gründerszene about how startups can get venture capital, written by Olaf Jacobi, partner at Target Partners.
1 note September 2, 2010 · 14:02
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