Monday, May 02, 2005
(L-R) Venture capitalists Tom Olson, Steve Fleming, and Joe Pistritto speak to the Space Access Sociey Conference 2005 in Phoenix. The three speakers agreed that the three most important things about a startup to a venture capitalist are: management, management, management. The management traits they look at are the experience the team has together, their personal integrity, and their expertise. The financial plan and technology, although important, are secondary. The most self-defeating thing a team can do when approaching venture capitalists is to "trash talk" their competition. The result is the entire industry gets a bad reputation.
Labels: Space Access Society 2005