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Top 10 rules for Web start-ups needing venture funding

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Uploaded by on Sep 6, 2009

Bill Reichert has his top 10 rules list for web companies wanting seed money: he co-founded his venture company with Guy Kawasaki. This list outlines the things Web 2.0 start-ups should be doing when pitching for venture capital from companies like Garage Ventures - in other words it's also what venture capital companies (or angel investors) are looking for in a start-up.

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  • Found really great fill-in-the-blank business plans and marketing plans by a company called Progressive Business Consulting, Inc. available through Amazon. They publish 1150 different plans, by type of business, starting at only $29.99 with CD-ROM. They have a 5 star rating. Good Luck in your business venture.

  • This guy wouldn't know a good deal if it hit him in the head or else he wouldn't be making "rules". There are no "rules" that work or all cases. Take Youtube, of 2005. Would this guy have funded them? I can just see him say: "you want to post videos, that other people shot on your site and that is it?"

    Anyway, If there is a rule, it is: have a great idea that makes a sizable positive difference (at least in the VC's fund) in 2-5 years and present it well to a SMART VC that gets the idea!

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