Top VC: 15 details of unreliable entrepreneurs

Industrial Investment Author of 188bet app article: Song Wei 2015-12-27
15 details about unreliable entrepreneurs: 1、Late + multiple 188bet app modifications;2、Older;3、Those who have never made a lot of money,Treat with caution;4、The company has been established for too long;6、Too polite not to vote......

The following is a letter from an investor working for a top US dollar VC institution to the LateNews official account,Records some details of his usual observations,It is said,『Once these details appear in an entrepreneur for more than two or three,I 188bet app almost certainly not invest in him (at least temporarily),No matter the product、What a great market,I 188bet app leave the table within a quarter of an hour”。

I read his letter carefully,From 188bet app perspective,Somewhat prejudice and discrimination。But as a front-line worker,Perhaps some bias can improve his efficiency。The so-called common sense is the prejudice of most people,Readers please read critically。

These details that he would identify as unreliable entrepreneurs are:

1. Late + multiple 188bet app modifications.Can’t even manage their own time,Can 188bet app manage the company well?Now that I have become an entrepreneur,Starting a business is the most important thing in his life,This traffic jam,Send your children to school next time,Next time my wife gets sick......Don’t explain it’s just bad luck,Why should I vote for someone who is unlucky?

2. Older.The first look into the conference room,I found that the entrepreneur was bald or had gray hair,Plus a big belly。This meeting 188bet app definitely not last long。Quantitatively speaking,If an entrepreneur is starting a business for the first time,Another post-60s generation,Then this project 188bet app basically not be invested。My favorite age for entrepreneurs is around 30~35 years old。

3. Those who have never made a lot of money should be treated with caution.I understand if 188bet app are 23 years old and have no money to start a business。But if 188bet app have started a business several times,Or have many years of workplace experience,But still can’t even afford the hundreds of thousands of yuan needed to start a business,It is difficult for such a person to succeed,The ability structure is mostly defective。A little more superstitious,Making money is destiny,Some people can make money in anything they do,Some people are not so lucky。

4. The 188bet app has been established for too long.Yiting company history,Discover that the company has been established for 8 and 10 years,No matter it has been researched and developed before,The product has been transformed,Such a company 188bet app probably never have a chance to succeed again。We sometimes joke,The age of the 188bet app is like female college students,The second and third years after graduation are the most suitable for marriage。

5. The second generation of rich people and the second generation of officials should be avoided.He has a fortune of hundreds of millions,My parents and aunts are ministerial leaders,The purpose of starting a business is not for money, just to prove that I am no worse than my family and to prove that I have grown up。Sorry,I 188bet app invest in resource-based ones,We are willing to bear market risks, product risks, competition risks together with entrepreneurs,I 188bet app want to take the risk of your father being brought down and the company going bankrupt overnight。

6. Don’t vote if 188bet app are too polite.One question and ten answers,Nod and bow,All I have is a service-oriented aura,No matter how good the product is for an entrepreneur like this,Do 188bet app dare to vote?Mature entrepreneurs 188bet app not be condescending,I 188bet app not grovel。

7. Turtles be cautious.Especially fresh turtles,With profound technical accumulation + trendy concepts,If there is no domestic market fermentation for more than two years,Better not to vote。Young turtle doesn’t understand anything,Don’t even understand the humanity of users;An older turtle returning home,To this society、This country often has a twisted mentality,If 188bet app don’t believe it, see for yourself。

8. Points 188bet app be deducted if the two founders do not match well.Two founders,One is CEO,Older;One is a major shareholder,Younger。Both of them rushed to answer any sentence,The CEO tactfully criticized the major shareholder once in two or three sentences,Such a team 188bet app break up without quarrels,The law of heaven cannot be tolerated。

9. If 188bet app are too nervous, 188bet app will not vote.Whether it’s because of nervousness,Because I want to express too much or because I feel guilty,Anyway, he can’t always hear the questions 188bet app ask clearly、Can’t get the answer right。Having a good chat with the investment manager,My face turns red when I see my partner, my hands and legs shake,Can such a person be a CEO?Don’t worry, give him 30 million?It’s okay for the founder to be lonely,Stage fright is not enough;It’s okay to say dirty words,My brain is too slow。

10. The PPT is messy and messy.PPT is an external manifestation of how a team thinks about problems,PPT is messy and unfocused,Teams usually have confused ideas,I didn’t really think clearly。Ugly PPT,Usually poor UI of products。

11. Be cautious if 188bet app get too hung up on the details of the contract.Can find the core point of the contract,Be able to stick to your own interests without wavering,Such entrepreneurs deserve respect even if they are difficult to get started,But keep the important terms aside,Tangled up in some legal details,My brain is really rusty。Yes,This is the first time to talk to VC,No experience。Then talk to PE for the first time next time,Am I going to suffer with 188bet app too?Must have the ability to learn quickly,Must be able to grasp the key points。

12. Those who only care about money should be careful.Care about everything,Maybe just a 5% valuation gap,Can’t see the different values ​​that different VCs can provide。If such a project is really good,That can only mean that 188bet app really have no value to him,This kind of project can only be won by raising prices,Projects without differentiated competitiveness,It’s okay if 188bet app don’t vote。

13. Those who 188bet app like to communicate should be cautious.Don’t like to talk,Don’t like emails,Don’t like WeChat Weibo Moments,If these are reached to the extreme,Then we 188bet app be on the same board of directors with him in the future,Your depression begins。Another founder like this,It’s hard to make good sales,Easily self-willed。After the company becomes bigger,The problem is more obvious。

14. Do not vote if 188bet app are not sensitive to data.Some CEOs were asked about products、Core data of operations,I 188bet app know anything about it,Or maybe a colleague is in charge。Early days of the company,The CEO must be the core product、Head of Operations and Sales,Must be very clear about every data and logic。CFO is clear?Market VP is clear?Please come here to start a business,Not here to be an official。

15、Loves to speak ill of the former company boss、Without business card、Buddhist、Wearing bracelets and earrings、Single over 40 years old、Divorced twice or more、Someone who loves to scold society on Weibo、The one who drinks day and night in the circle of friends、Those who talk about the entrepreneurial spirit of Jack Ma, Ren Zhengfei, and Liu Chuanzhi、Threaten that if 188bet app don’t invest in this round, 188bet app will never have the chance to cooperate......

Anyway,The probability of success in attracting people is higher,The annoying person encounters more obstacles。

Anyway,The best entrepreneur in my mind is a hero,He is gentle yet firm,Smart and sunny,He 188bet app come wearing golden armor and riding on colorful clouds,Give me a billion dollars in return。

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