> 1. Seed stage is likely before growable revenue.
In which case from all I can tell, essentially no VC in the country will pay any attention at all. That is, the startup didn't have traction significant and growing rapidly.
For university startups, okay, but have to look in detail at the project plans. As I mentioned, that's possible: E.g., the first version of GPS was a back of the envelope thing by some guys at the Johns Hopkins Applied Physics Lab. That envelope was converted to a project plan; the plan was executed and successful. Lesson: If look carefully, should be able to evaluate the project technology just on paper long before soft/hardware or traction. If the technology really is overwhelmingly powerful for some commercial need, then, sure, should have a successful company. But IT VCs won't look at the details and, instead, just want to look at traction.
For funding of on-going companies, sure, there is a big industry for that from later stage VCs, private equity, M&A, IPOs, etc. There to evaluate a company, make heavy use of accountants and lawyers.
In which case from all I can tell, essentially no VC in the country will pay any attention at all. That is, the startup didn't have traction significant and growing rapidly.
For university startups, okay, but have to look in detail at the project plans. As I mentioned, that's possible: E.g., the first version of GPS was a back of the envelope thing by some guys at the Johns Hopkins Applied Physics Lab. That envelope was converted to a project plan; the plan was executed and successful. Lesson: If look carefully, should be able to evaluate the project technology just on paper long before soft/hardware or traction. If the technology really is overwhelmingly powerful for some commercial need, then, sure, should have a successful company. But IT VCs won't look at the details and, instead, just want to look at traction.
For funding of on-going companies, sure, there is a big industry for that from later stage VCs, private equity, M&A, IPOs, etc. There to evaluate a company, make heavy use of accountants and lawyers.