Guy Kawasaki: How to Pickup a VC
From: http://www.sun.com/solutions/smb/guest.jsp?blog=pickupavc
Many entrepreneurs ask me what is the best way to open a pitch to potential investors. I'll answer that question at the end of this posting, but first let me tell you the ten worst opening lines that you can use:
- You say: “I'm bright and ambitious.” Investor thinks: “That's a relief because I usually invest in stupid and lazy people.”
- You say: “I'm a blue sky thinker.” Investor thinks: “You have no business model, and you don't know how to ship.”
- You say: “I don't know much about your firm, but I thought I'd contact you anyway.” Investor thinks: “You're a lazy idiot–why are you wasting my time?”
- You say: “I love to think of new ways to solve problems.” Investor thinks: “Is this a high-school science fair?”
- You say: “I have lots of great ideas, but I have trouble figuring out which one to try. Let me tell you about a couple.” Investor thinks: “I want to know which idea you're going to kill yourself trying to make successful, not which ideas have crossed your idle mind.”
- You say: “I've always wanted to be an entrepreneur.” Investor thinks: “I've always wanted to be a professional golfer. So what if you always wanted to be an entrepreneur?”
- You say: “I'm sure you are aware of the growing need for security. Web 2.0, Open Source, whatever.” Investor thinks: “If you're sure I'm aware, why are you telling me you're sure I'm aware.”
- You say: “If you sign an NDA, I'll tell you my idea.” Investor thinks: “You are clueless. How can you not know that venture capitalists don't sign NDAs?”
- You say: “The last time I contacted you, I…” Investor thinks: “I'm going to fire my secretary for putting this clown on my calendar again.”
- You say: “My goal is to build a world-class company.” Investor thinks: “How about you ship and sell the first copy before we talk about world-class anything?”
Now you know what not to say. Here's what you should say:
“This is what my company does…”
It's that simple. What you're trying to do is get potential investors to fantasize about how your product or service will make a boatload of money. They can't fantasize if they don't know what you do. And they don't want to be your friend, mother, or psychiatrist until they understand what you do, so cut the crap and explain what you do.
不知是否老了還是懶了,又或是書看少了,也許是「慎言」了 - 總之一向「寫字當吃生菜」的我,近幾年總覺舉筆艱難,怎樣也提不起勁寫文章。
當然,早幾年開始自行創業是一大原因。創業需要100%以上的投入,有時間也不會用來寫blog,因為還有98份document等著要寫,36個powerpoint還未做完,10份form等著要填 - 當你做完了後又要開始update過期資訊。
怎可能還有時間寫Blog?
曾打算一邊創業一邊分享創業過程,發覺原來很困難 - 簽了NDA的不能寫、對公司不利的不能寫、得罪人的不能寫、政治不正確的不能寫、作為公司領導人,個人的煩惱不能寫 - 結果只能報喜不報憂。
然而我是一個比較「誠實」的人,不喜歡將小事寫成好像征服世界般大(吹大),所以「創業Blog」結果寫不成。
其實我心裡每天都在「寫blog」,只是「寫」在心裡,卻沒有記錄下來 - 每天對時事、社會、科技、趨勢等等的觀察和思考,我很想寫下來,但總是沒有時間。
過往幾年,我曾到數間大學與學生分享創業心得(承蒙各院校的講師學者錯愛),想起來也有點汗顏,我在創業路上不算成功(但總算建立出「可持續」的生意模式,並有盈餘),所以我對各位同學的建議來來去去只有「三思」和「不要低估所需資金」兩樣,其實還可以提醒大家,創業後你可能連寫Blog的時間和能力也失去。
說了這麼多,其實,我的意思是,我已完成了我的第一次創業之路 - 現在我正加入另一團隊,繼續另一個IT venture,繼續mobile,繼續startup。
moCasting創辦的理念,在於建立一個無論在網上還是手機上都能做Podcast的平台。
於2005年,我們比任何人更快打造出這個兼容聲音(.mp3)及 影像(.3gp, .mp4)的手機Podcast平台,我們為moCasting的成就感到驕傲。
兩年過去了,Podcast這個號稱2005年Word of the Year字彙,非常可惜地,並沒有流行起來 - 流行起來的,是沒有iPod成份,純影像的YouTube短片。
為甚麼語音Podcast紅不起來?這個問題要探討的話,三天也說不完,但明顯地,現代人所需要的,是「即食」的、「影像」的 - YouTube短片。
既然Podcast紅不起來,moCasting的Podcast元素也好應功成身退 - 畢竟「擺放侵權mp3」並非moCasting的理想,亦大大增加了Server的負擔。
故此,我們正研究,將不再向新用戶提供Podcast mp3上載功能(舊用戶將不受影響),只提供手機短片及圖片上載。
moCasting將繼續服務廣大Blogger,希望「取消新用戶Podcast上載」的決定不會為大家帶來太多不便。
近來曾為幾位大學講師和教授好友客串在課堂上當講者(這星期也會講一課),席間少不免會被問及創業的經驗或分享。
老實說,創業一點也不「好玩」,只能叫做「驚險刺激」。
開始創業時,對創業的數據沒有多大研究,現在才知道,捱得過3年不倒閉的新企業,一般來說不到5%(但數據亦說捱得過3年的新企業之後10年能繼續經營的機率大為提高 - 但已忘了這個數據從那裡來)。
集資、創辦、研發、獲創新科技基金、得到科技園提供免租辦公室、贏得本地獎項、商品化、開始獲利、贏得國際獎項 - 一直以來的發展好像很順利,但路途上所受過的打擊,不足為外人道。
有得必有失,不幸在路上受到「致命一擊」,也只得靠自己一手一腳站起來。
創造心目中的新世界,要有最堅定的意志,如洛奇所說,it ain't about how hard you hit, it's about how hard you can get hit - and keep moving forward.
(上星期友人見我銷聲匿跡,來電問候我近況 - 實情是我如常地有一堆未完成的文件未寫好,例如新的業務計畫書、新概念的設計草稿、各大機構的查詢、產品新聞稿、參賽申請表等等等等…)
「全球第一」這個詞彙,既誇張又老土,大部分聲稱「全球第一」的產品,根本上難以證實自己是「全球第一」,其可靠性和「可能係世界上最好既啤酒」不相伯仲。
那麼為甚麼我敢肯定,我們於2005年7月和3香港及電影<七劍>(徐克導演,黎明、金素妍、甄子丹、楊采尼等合演)合作推出的3G定位遊戲確實是「世界第一」?
香港是一個很獨特的城市,全世界任何一個城市,人口和建築物都難及香港密集,香港的100% 3G網絡覆蓋,在當時比起任何一個國家先進,我們甚至在地鐵、海底遂道、青馬大橋、地下商場,都有3G覆蓋,只有這種覆蓋率,才能令我們成功開發利用3G定位技術的遊戲,所以我肯定,<七劍迷蹤>絕對是電訊史上第一個3G定位遊戲。
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