It all starts with the basic idea of wanting to be self employed and wanting to solve a problem that arises in the market. That all fine and dandy but then its crunch time, there are several key components in a successful business. Anyone can dream up the next big thing, but the talent is in the execution of the business. Currently were in a bind and trying to make the decisions to fly to Palo Alto and try and raise VC or bootstrap the entire business. Without funding our business will be entirely operated by the four founders. That means everyone of us is going to be working day in and day out on operations and financing. Right now were are in a pinch try to decide if we should raise VC.
Here is a great article about VC questions and what there looking for in a successful business.
http://techcrunch.com/2009/11/18/good-question-the-eight-best-questions-we-got-while-raising-venture-capital/
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