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Non-Tech : PRIVATE INTERNET COMPANIES WANTING TO GO PUBLIC

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To: pat mudge who wrote (11)7/4/1999 12:54:00 AM
From: chalu2  Read Replies (3) of 41
 
VC's scout out private companies as hawks do carrion? Well phrased, but not my experience. I find that VC firms feel overwhelmed by the sheer number of private firms vying to get their attention. If you are not connected, the golden key is an introduction or reference from someone already known to (and respected by) the VC firm. This does not require having gone to Old Ivy, or being "well connected" in the traditional sense. It does require getting yourself known to VC "feeders"--lawyers, accountants, legitimate intermediaries, successful businessmen, etc. And you can do this by attending or participating in the functions and events you outline. This introduction, no matter what form it takes, will distinguish you automatically from the faceless crowd, and often get you in the door for at least a brief introductory meeting with the right people. Without this, it can still be done, but it magnifies the amount of luck, persistence, and perserverance required of the start up entrepreneur.
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