People – The #1 Element
nKey Questions:
¨What have they done
¨Who do they know
¨Can they work together and with investors,
¨Do they know their weaknesses/holes
n99% of business plans are WRONG –
can this team adapt?
n2001 VCIC Judge’s feedback to
UW:
¨“Three most important criteria in evaluating an investment
opportunity:
1.Management
2.Management
3.Management …”