A friend of mine told me that an entrepreneur recently mass emailed nearly two hundred VCs his executive summary. To make matters worse, the person carbon copied all of the venture capitalists, enabling all of them to see what the person had done.

Needless to say, that was a terrible idea. This strategy decreased, not increased, the likelihood that the individual would be funded. There are now two hundred VCs who don’t want to hear about his business idea since they know he’s not a competent manager.

Do yourself a favor and be thoughtful about how you submit your business plan. Read my post, Submitting Your Executive Summary, for some tips.

Comments

[Pete]

"Initially I'm going to write an Entrepreneur's Guide To Raising Venture Capital, which should answer many of the common questions that entrepreneurs have."

Honestly, why bother at this point? There are at least 500 books out there already which do this. There really isn't anything new that can be said on the subject.

[vikram]

Was he a good friend of urs who did this.... i dont nelieve this