For raising venture funding, first consider if you have a deal that’s in the game for venture funding by asking these questions:
- Is it a high-growth company?
- Is it scalable?
- Do you have an experienced team ready to join?
- Do you have a platform-based business, or is it a single product?
- Do you have recurring revenue?
- Do you have virality built into it?
- Do you have network effects in it?
- Are you addressing a significant market?
- Do you have a clear competitive advantage?
The more you can answer “yes” to these questions, the more you have a venture business that qualifies for venture funding.