Venture Capital Myths

by Ralph L. McNeal Sr

Overview

Look out, what you read and hear about there being lots of money for starting a business available from Venture Capital (VC) or Angel investment (AI) financing, may not be true...in fact, it is not true! Yes, there is in some cases , VC and AI financing available, but it is not as available as thought. People delving in to start or expand their own business believe that this would be a better way to get financing than having to go through "hoops" that banks require. While the capital comes from different sources than a bank, both VC and AI also have hoops to jump through even more hoops than banks because they are looking for a higher rate of return on their investment and are financing new businesses and taking more risks. But, that said, getting venture capital or an angel investment can be a reality under the right conditions...the most important condition is the submission of a "winning business plan." A winning business plan is not one that can win contests or is the fanciest. It is one that shows caution and optimism in realistic fashion. If they do not see it this way, the chances of obtaining financing is nil.

Product Details

BN ID:	2940045797580
Publisher:	Ralph L. McNeal, Sr
Publication date:	02/01/2014
Sold by:	Smashwords
Format:	eBook
File size:	480 KB

About the Author

Ralph L. McNeal, Sr., has spent most of his professional life in the Venture Capital Industry. In 1974 he was positioned as President and Chief Operating Officer to turn around a group of companies consisting of a Private Venture Capital Company, a Small Business Investment Company, a Business Development Company and a Local Development Company (U.S. SBA 504) which became the “Coalition Venture Group of New York. “ These companies financed and developed businesses throughout the five boroughs of Manhattan. In 1978 he became President and Chief Operating Officer of “North Street Capital Corporation” (A wholly-owned subsidiary of the Kraft-General Foods Corporation and Phillip Morris Companies). From 1988 to 1996, he was President and Chief Operating Officer of Ralph L. McNeal and Co. management, financial consultants and small business advocates, Newark, N. J. He has been employed in a financial and management capacity in both the Public and Private sectors. He is a graduate of Central State University, Wilberforce, Ohio and a member of the Omega Psi Phi Fraternity, Inc. Ralph did his military duty as an officer of the 3rd Armored Cavalry Regiment, 50th Armor and the 102nd Cavalry (Essex Troop) Regiment. He is currently a Certified Mentor for SCORE, Las Vegas.