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How to Raise Money from VCs

691 views · Published 29 October 2010 · 1:43 · Indexed 4 October 2026

Channel: Howcast · 2010 · Howto & Style

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How to Raise Money from VCs

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Have a really good idea? Here's how to get a little financial backup. Watch this video about how to raise money from VCs.

⏭️ Step 1: Go to the SBA website to learn about SBICs
Go to the Small Business Administration website to learn about SBICs or Small Business Investment Companies. These are privately-owned and managed VC companies licensed through the SBA.

⏭️ Step 2: Prepare a solid business plan
Prepare a solid business plan on your own with SBA's business plan writing guide. Or find a mentor through SCORE, the Service Corps of Retired Executives.

⏭️ Step 3: Find an SBIC through the NASBIC
Find an SBIC through the NASBIC, the National Association of Small Business Investment Companies. Their website has a state-by-state SBIC list, and a searchable NASBIC member directory to focus your search.

Tip
Focus your search criteria to an SBIC specializing in your company's industry.

⏭️ Step 4: Find individual angel investors
Find individual investors or "angels" through the National Business Incubation Association. Incubators offer mentoring as well as introductions to angel investors; search the NBIA directory for an incubator near you.

⏭️ Step 5: Find private venture capitalist companies
Find private venture capitalist companies through the membership list of the National Venture Capital Association. Send out your business plan.

Tip
In a tough economy, use the shotgun approach, sending your plan to many VCs.

⏭️ Step 6: Prepare a presentation to go with your plan
Prepare a presentation to go with your plan for pitch meetings with VCs. Practice your pitch.

Did You Know?
During the dot-com boom, angel investors gave $20 million to DigiScents, a company promising to deliver odors over the internet.

How to Raise Money from VCs
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