This presentation was made at DreamIt Ventures in July 2008. It discusses approaches entrepreneurs can use to "de-risk" their business plan, idea, service, or product before raising substantial sums of money (e.g, VC investment). Many entrepreneurs don't realize that there are many "out of box" ideas and techniques they can use to reduce risk in their business idea without spending or seeking significant capital investment. Finally, by applying the techniques and checklists included in this presentation, entrepreneurs will be much more likely to secure angel or venture capital investments. Written and presented by Steve Barsh.
Slide 2: Premises
Many entrepreneurs are “pitching prematurely”
Seem to be looking for “validation” by convincing someone to make
an investment
Should be spending more time “de-risking” the idea “as much as
possible” before pitching
Sometimes entrepreneurs have trouble
Identifying risks
Coming up with “out of box” ideas on how to de-risk the risks
2 stevebarsh.com