How a startup raises venture capital

Process map by Brian. 17 steps, 2 layers. Tags: business, startups, finance, venture capital.

1. Founders: Build a prototype and find the first users
2. Angels and seed funds: Raise a small seed round from angels
3. Founders: Show growth with real numbers
4. Founders: Build a pitch deck and a target list of firms
5. Venture capital firm: First meeting with a partner
6. Venture capital firm: Does the partner want to go deeper?
7. Venture capital firm: Due diligence on the product, customers and numbers
8. Venture capital firm: Does the whole partnership agree to invest?
9. Venture capital firm: Issue a term sheet: price, ownership and control
10. Lawyers: Negotiate and sign the documents
11. Venture capital firm: Wire the money
12. Founders: Spend it to grow, then raise the next round or go public
13. Founders: Ask for feedback and pitch the next firm

Read this process as Markdown

$Business $Startups $Finance $Venture Capital All process maps