How Many VC Firms Should a Startup Pitch?

Entrepreneur, Business Planner and Angel Investor
min read
Opinions expressed by Entrepreneur contributors are their own.
Your first objective should be to make sure you have an investment opportunity that will be of interest to venture capital firms. If your startup isn't scalable, defensible, have high growth potential, an experienced management team and a realistic exit strategy, then it most likely won't be considered an attractive investment. Be honest with your assessment.

Then consider what type of investor you need. These days, many startups seek a few hundred thousand dollars from angel investors first, leaving venture capital for later rounds.

Once you decide that venture capital is what your business needs, start pitching three or four firms. Make sure the firms have a demonstrated interest in your industry, your stage of company formation and your geographic area.

Work each of these meetings well, with proper introductions, a summary memo and follow-up emails. Broaden your search to additional firms only if what you've discovered from the first three or four gives you an indication that it will be worth the effort.

Related: The Voices of Venture Capital
Related: How to Find the Right Investor for Your Business
More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Make sure you’re covered if an employee gets injured at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business
Make sure you’re covered for physical injuries or property damage at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur