This is a good, relatively brief overview of the basics of looking for money from VCs.
If you're not familiar with any of the concepts in it, it's worth a read. Covered:
- What VCs are looking for
- The difference between VCs and angels
- Asking for the right amount
- Planning on future rounds of investment
- Understanding pre-money, post-money and % ownership
- Negotiating
- Comps
- % ownership
- Exit strategy (with example)
- Understanding how a VC fund works
- VC maths
- The fallacy of taking other people's money
