Thanks a lot for sharing your experiences, Mr. Hemmady.
Ravi Kuppuraj, Ph.D.
> -----Original Message-----
> From: [email protected] [mailto:[email protected]]On Behalf Of SIPA
-
> VENTCAP SIG
> Sent: Wednesday, October 13, 1999 1:01 PM
> To: [email protected]
> Subject: Re: Management Team
>
>
> CONTRIBUTOR "Shankar G. Hemmady" <[email protected]>
>
> Pallavi,
>
> My experience (it was my first time raising $$ recently, but third
time
> in a startup - hopefully it will be a hat trick) is that the market
> space
> you attack is very important to most VCs. The size of the market,
> what's unique about your approach, the barriers to entry, etc. etc.
> The "idea" per se gets put down by most VCs because most ideas
> tend to be repetitive. When we approached VCs with what we felt were
> truly unique ideas, they actually shared with us excerpts from
> other business plans that came really close!! That helped us to
develop
> our own differentiators from the pack.
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