
Thursday, November 03, 2005

To prep up MIT students who are interested in participating the upcoming business plan competitions at MIT - the $1k competition in the fall and the $50k competition in the spring - the $50k organizing team arranged for a class on business executive summary writing earlier tonight. Our guest speaker was Ian Carver from Price Waterhouse Coopers who has significant experience in advising startups. Without going into too much details, Carver said that the following are the things that every VC is looking:
- Addressable Target Market
- Market Validation
- Competition
- Revenue Model
- Management Team
- Go to Market Strategy
- Funding Requirements