Evaluation (Due Diligence.)
Venture capitalists evaluate the quality of the entrepreneur before appraising the characteristics of the product, market or technology.
A sophisticated, formal evaluation is not possible, therefore a subjective, but comprehensive evaluation is undertaken.
VCs ask for a business plan to assess the possible risk of, and return on the venture.
Venture capitalists evaluate the quality of the entrepreneur before appraising the characteristics of the product, market or technology.
A sophisticated, formal evaluation is not possible, therefore a subjective, but comprehensive evaluation is undertaken.
VCs ask for a business plan to assess the possible risk of, and return on the venture.