Adam Beard, CEO of corporate development consultants VenturePlanit, examines what makes a company fundable and discusses alternative strategies to the seeking of venture capital.
So, you’ve got a great idea, spotted a hole in the market or developed a new product or service that you know there’s demand for. It’s all very exciting, you’re feeling highly motivated and all you need to succeed is the backing. As Del Boy would have said, this time next year you’ll be a millionaire.
Ah, but that backing, where do you find it and what do you need to do to get it? It’s the fundamental part of the plan (you have got a plan, haven’t you?) and the biggest stumbling block to the realisation of most dreams.
