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How To Prep for a Meeting with a VC

Thursday, August 18th, 2011 – running time 06:28

Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. Today he discusses the best practices for prepping for a meeting with a large VC.

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Today's Homework Assignment

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04:37
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Jay's Chalkboard Notes:

1. Practice talking about your business in front of people

2. Let them poke holes in your presentation

3. Practice in front of mirror, and then practice again

4. Filter pitch down to main points

5. Explain business in 1-2 minutes because VCs tend to take you off your script

6. Ask them questions

7. Who else have they invested in?

8. What can they bring you as an investor?

Today's Homework Assignment

Your takeaway assignment based on today's question is to create a presentation, and practice it in front of a very snarky friend. Tell them to interrupt and ask questions. Practice being tripped up over and over again, because this is what happens. It is never by the script. Learn to compress your story, and be able to get your major points out in five minutes.

04:37

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Have a question about launching a business that you want answered? Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.

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