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More in the 50 Questions Series50 Questions: How should an entrepreneur approach negotiation of the key terms? | 50 Questions: What are the five biggest pitfalls to avoid during negotiations? | 50 Questions: What is anti-dilution/downround protection? |
50 Questions: What financial information does a VC want to see?
Together with Nic Brisbourne of The Equity Kicker / DFJ Esprit, I am writing a series of 50 questions you should ask when raising venture capital. We expect the series to run for a year, after which we will collate the answers into a book. We view this as a collaboration, so please comment to help make this series even more useful. This is post #46 in the series.
Nic Brisbourne urges all entrepreneurs looking for venture capital to provide financial information – not an overabundance of it, but enough information of the right quality. Investors need the right information in order to make a judgment about your business.
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