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From: barry_night-person_stevens@cup.portal.com
Newsgroups: comp.ai
Subject: you CAN get funding, part 3
Message-ID: <1003@cup.portal.com>
Date: Sat, 17-Oct-87 14:39:13 EDT
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Posted: Sat Oct 17 14:39:13 1987
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(hopefully I'll learn how to write larger files -- sorry)

It may help to realize that you're fighting significant odds. In researching
a book I just completed (How to Write A Successful Business Plan, AMACOM)
we surveyed 900 venture capital firm and compiled some statistics.

      only 1 in 2,500 plans that arrive "over the transom" at a VC firm
      are ever funded.

      if plans arrive through a trusted associate, 1 in 50 of those plans
      are funded.


Getting funded then becomes a process: put together a top-quality, unique
product idea; get a quality, experienced management and professional
team together; PROVE THAT YOUR PRODUCT WILL SELL, preferably by actual
sales; put a set of thorough financial projections for revenue and