Venture capitalists invest in ventures based on a variety of criteria. MacMillan 1985 lists key ones. Generally, it breaks down into:
- Entrepreneur (capability)
- Market (supportability)
- Resources (availability)
- Operations (feasability)
- Opportunity (??)
There are other considerations that may not fall into these categories. This needs to be revisited.
Questions here can include:
- What impact does VC investment have on business outcomes?
- How do VC relate to entrepreneurs pre-investment?
- How do VC impact entrepreneurs post-investment (support, training, etc.)?
- Why do VC fire some founders and not others? What goes into those decisions?
- What roles to VC play with entrepreneurs post-investment (coach, boss, etc.)?
- What activities can VC engage in that would improve outcomes for their entrepreneurs?
